Featured Short Sales
$365,000 $199,900 $219,000 $315,000
   
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What is a Short Sale? A Short Sale occurs when a homeowner owes more on their property than the property is actually worth, but their bank agrees to accept less than what is owed as "payment in full", in an effort to avoid the foreclosure process. If the Seller can substantiate a true "hardship situation" and is approved into the lender's Pre-Foreclosure Program, the lender agrees to write-off the portion of a mortgage that is higher than the value of the home. The homes that are marketed as Short Sales are generally listed at discounted values, because they need to move before the foreclosure is enacted by the courts.
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