Short Sale

What is a short sale?

The sale of a home sold for less than what’s owed on the mortgage to prevent foreclosure.

A “short sale” is a home sold at a discounted price. But why would someone want to sell their home for less than it’s worth? 🤔

Homeowners struggling to make payments on their mortgage are faced with the option to foreclose on their property, which can severely damage their credit.

But a short sale can leave less of a negative impact, and some sellers can qualify for other home loans once the short sale closes.

If you’d like to learn more about short sales in our area (how they work, if they’re in your best interest, or how to take advantage of them if you’re a buyer), send us a message 📲