CLICK FOR INFORMATION ON HOW TO BUY A SHORT SALE

If you are considering buying a home, you have likely heard the term Short Sale. A Short Sale transaction process differs from traditional purchases. There are both advantages and disadvantages to buying a Short Sale. Before pursuing a Short Sale consider the following:

What is a Short Sale? A Short Sale is when a home is sold for less than the outstanding loan amount. It’s an option for homeowners who are struggling to pay their mortgage and want to avoid foreclosure or bankruptcy. Because the home is sold for less than the outstanding loan amount, any offer accepted by the seller must also be approved by their lender(s). …….


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