Short Sales

What is a short sale you ask?  A short sale occurs when a property is sold and the proceeds from that sale are insufficient to pay off the mortgage on the property. 

In order to sell with a short sale, the mortgage holder must agree to accept less than what is owed.  Are there benefits to the seller? Yes.  The homeowner can continue to live in the home until the home is sold. It may also help the seller avoid bankruptcy and/or foreclosure.  No upfront fees are required.

I have had several successful short sales, and also some very frustrating ones. If you would like more information, or to see if you might qualify for a short sale, please call or email. Or if you have questions you may post them here and I will provide answers.

A short sale can be a good alternative to foreclosure and/or filing bankruptcy.  My next post will include some other alternatives.