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Let us be your information source for Short Sales and Foreclosures! They're different from traditional sales; we have the experience and the know-how to handle them. Here's the simple explanation - call us for details.
SHORT SALES
A Short Sale occurs when the sale price of a property is less than the amount owed. The owners generally live in the property and are up to date with their mortgage payments. They customarily ask the holder of the mortgage to "forgive" part of the amount owed.
FORECLOSURES
A Foreclosure is a lawsuit, filed by any lien holder to take ownership of a property because the owner defaulted on the payments. The lien holder then becomes the owner.
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