Short Sales
|
WHAT IS A SHORT SALE? Short Sale: a term used to describe a property sale where the total sale proceeds are less than the total balance due against the property. This includes the cost of the sale (i.e. customary seller closing costs, commissions, repairs, etc.)
WHY ARE SHORT SALES COMMON? The foreclosure rate is soaring in many areas and Northern California is not exempt. WHY DO BANKS PARTICIPATE IN SHORT SALES? · Banks participate in Short Sales to help homeowners and themselves prevent foreclosures. WANT TO KNOW MORE? CLICK HERE TO GET YOUR FREE COPY OF "THE SELLER'S SHORT SALE HANDBOOK" |
