A short sale occurs when a bank or lender agrees to accept less than what is owed on the mortgage, and as a result the seller isn’t force to go through a foreclosure and the lender avoids any stressful foreclosure repercussions.
A short sale, much like a foreclosure, is a great way to get a wonderful home at an even better price. Although, these processes can be complicated and so we encourage you to talk with an experienced real estate agent that will help walk you through the process. Take a moment and browse below to see these wonderful properties. A short sale could be the key to your new home!