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2. What is a short sale? - AOL

   www.aol.com/finance/short-sale-234542168.html

   A short sale is when a mortgage lender agrees to allow a homeowner to sell their home for less than what they owe on the mortgage. A short sale can help you get out of an underwater situation, but ...

3. Can I get a mortgage after a short sale of my home? - AOL

   www.aol.com/finance/mortgage-short-sale-home...

   Yes, you may qualify for a mortgage after a short sale, depending on the loan program you select. FHA loans are worth considering for credit-challenged borrowers once the three-year waiting period ...

4. 3 Florida Cities Where the Average Family Can’t Afford a ...

   www.aol.com/finance/3-florida-cities-where...

   Yes. Median sale price of starter home: $248,250. Median household income: $84,990. Income needed to afford a starter home: $82,431. Data is sourced from Redfin and is accurate as of July 2024 ...

5. Swampland in Florida - Wikipedia

   en.wikipedia.org/wiki/Swampland_in_Florida

   Swampland in Florida. A freshwater swamp in Florida. Swampland in Florida is a figure of speech referring to real estate scams in which a seller misrepresents unusable swampland as developable property. These types of unseen property scams became widely known in the United States in the 20th century, and the phrase is often used metaphorically ...

6. Homestead exemption in Florida - Wikipedia

   en.wikipedia.org/wiki/Homestead_exemption_in_Florida

   One unique feature of Florida's homestead exemption is that it attaches to proceeds from the sale of a home if the homeowner intends to use those proceeds to establish a new Florida homestead within a reasonable time. Therefore, if the owner of a $1,000,000 home sells that home and puts the money in a bank account, that money is still protected ...

7. Real estate owned - Wikipedia

   en.wikipedia.org/wiki/Real_estate_owned

   Real estate owned. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender —typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1] A foreclosing beneficiary will typically set the opening bid at such an auction for at ...