What is a Real Estate Short Sale?
A real estate short sale is when the property owner owes more than the property's current market value but the owner has a hardship and needs to sell. In a typical (non hardship) situation, the mortgage lender(s) will require the homeowner to deposit the difference in the amount owed to the escrow company to facilitate the closing.
A real estate short sale is where the seller’s real estate agent and/or attorney negotiates with the lender(s) to accept a pay-off that is less than the mortgage balance and the homeowner does not to pay the difference (nor bring any funds into escrow).
- CLICK HERE to learn the benefits of doing a Short Sale if you are a homeowner?
- CLICK HERE to learn the benefits and process of purchasing a Short Sale property
- CLICK HERE for a list of Short Sale Properties For Sale in Orange County.
- CLICK HERE for a list of Short Sale & Loan Modifacation Articles
- CLICK HERE to start your short sale now!
Why select the Scot Campbell TEAM as your Realtor?
For a free no obligation short sale consultation please call Scot Campbell at (714) 960-0700
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