Short Sales – An Overview

As lenders search for the best way to respond to the mortgage difficulties faced by millions of Americans, it’s clear no single answer is right for every situation. For many, the best option is to sell the home for less than is owed and ask the lender to accept the sales proceeds to settle the debt.

Usually called a Short Sale, the transaction allows the homeowner facing financial challenges the opportunity to sell the property and avoid foreclosure. The lender is able to solve the delinquent mortgage without going through the time and expense of a foreclosure.

Considering a Short Sale?