Short Sale

A short sale occurs when the owner of the house wants to sell the house at a lower cost, than the actual value of the property to make enough money to pay off the mortgage lenders.

A short sale may happen when an individual loses a job or is financially incapacitated to pay the mortgage in full. So the mortgage lender may decide to come for the house to be sold in foreclosure; however, a short sale is better because you get to stay in the house until it is sold, apart from that, your credit score will not be to much affected by the short sale.

Whether you are looking to buy a short sale home at a lower price, or you are looking to make a short sale, just get in touch with us, or one of our friendly experts to help you get started with the process.