Defined: Short Sales


[tagline_box link=”” title=”Short Sale” description=”A short sale is when a home owner sales their property and the proceeds from the sale will be less than what is owed on the mortgage currently on the property. The home owner can not make up the difference in what they owe on the property, and the lender agrees to accept this less amount and release their lein on the property.”][/tagline_box]

[Read more…]