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What is a Real Estate Short Sale?
A real estate short sale sometimes occurs 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.
In a real estate short sale, 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).
- Benefits of doing a Short Sale if you are a homeowner?
- Benefits and process of purchasing a Short Sale property
- Free List of Short Sale Properties For Sale in Orange County.
- Links to Informational Short Sale Articles
- Start your Short Sale Now!
Questions? Contact the Scot Campbell TEAM at (714) 960-0700
Scot Campbell
Mr. Campbell is the President and Managing Broker of Coldwell Banker - Campbell Realtors in Huntington Beach, CA, and he has brokered over 1,000 homes. Mr. Campbell received his Bachelor of Arts Degree in Real Estate finance, and did his Graduate Studies in Real Estate Economics both at California State University, Fullerton. Mr. Campbell has been licensed in real estate since 1986, obtained his broker’s license in 1990, and was one of the first to pass the State of California Certified Residential Real Estate Appraiser’s exam in 1992. Mr. Campbell has a 100% customer satisfaction philosophy and more than half of his business is from repeat & referrals.
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