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).



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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