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What Is A Short Sale?


A short sale is the process by which a homeowner can sell their house for less money than they actually owe on the mortgage(s). A short sale is a sale of real estate so the homeowner is required to move from the property at the end of a successful closing.

The homeowner must obtain a written agreement with their mortgage company enable to sell the home. The mortgage company often has a specific set of guidelines they require enable to provide a written short sale approval. 

Simply put, when handled correctly a short sale is a good alternative to foreclosure and is one of the most effective ways to exit an underwater mortgage with the fewest impacts on credit and other potential consequences.

I can't afford my mortgage.

 

 

 

 

 

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925 B Street Suite 102
San Diego, CA 92101

Phone: 1-888-746-7820
info@ShortSaleExpert.com