Reunion Resort Short Sales
|December 2, 2011||Posted by admin under Reunion|
A short sale is a property that sells for less than the balance owing on its mortgage. A short sale occurs when the borrower is unable to satisfy their payments on a home loan, the bank then has to make the decision to approve a short sale to sell the property at a lower price than the mortgage loan and take their losses. Usually, the price drop on a short sale home is considerably reasonable, therefore, giving the buyer a better opportunity to purchase the home at a lower price than market value.
It is always a great idea to find out and do research on the short sale home you are about to purchase, for example, the amount owed on the loan and other important details that will help you make a smart decision on your purchase of a short sale home.
Terraces at Reunion is located in Reunion, FL, inside the beautiful Reunion Golf Resort, a small town 5 miles away from Disney World, centrally located to mayor highways, theme parks, restaurants and major shopping centers in Kissimmee and Orlando, FL. Reunion Resort is a luxurious resort style community of Orlando condos, vacations homes and permanent residences.