Description

What is a short sale?
Simply put, a short sale is a real estate transaction where the homeowner owes their lender more than what their property is worth and they need to sell. In a short sale, the lender must approve and accept less than what they are owed as full payoff (this means they may settle for $400,000, even if you currently owe them $500,000...even if the loss is hundreds of thousands of dollars).

Are you facing a financial hardship that you know will decrease your income?
Are you getting behind on your mortgage and youre not sure if you can catch up?
Or do you just need to sell quickly but your home is worth less now than when you bought it?
If you are facing any of the situations above, and you think a short sale might be your best option, then read on. If youre still not sure and just want more info, then scroll to the bottom of this page and request a free copy of our article The 9 Alternatives When Facing Foreclosure

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