A woman contacted me recently. She wanted a cash offer on her house so she could get out of Florida as fast as possible.
She bought the home for $440,000. She still owes $417,000. And the current market value? Closer to $370,000 — if she’s lucky.
When I told her the realistic number, she got upset. I tried to explain her options, but she wasn’t ready to hear them.
If you’re in the same situation — upside down on your Florida mortgage and feeling stuck — you’re not alone.
