Short Sale? What is that?

Dated: 08/29/2020

Views: 30

short sale is the sale of a real estate property for which the lender is willing to accept less than the amount still owed on the mortgage. For a sale to be considered a short sale, these two things must be true: The homeowner must be so far behind on payments that they can't catch up, and the amount owed to the bank must be more than the current value of the property.

Blog author image

Wanda & The Torres Team - DRE#01822677

We are a team of Realtors with over 25 years of service. We are a bi-lingual team experienced in Equity Listings, REO Listings as well as representing buyer's purchasing distressed Foreclosed and Pre ....

Latest Blog Posts

Short Sale? What is that?

A short sale is the sale of a real estate property for which the lender is willing to accept less than the amount still owed on the mortgage. For a sale to be

Read More

Coronavirus (COVID-19) Updates by CAR

Sharing the Highlights from CAR.orgCoronavirus (COVID-19) UpdatesDATE: AUGUST 19, 2020, 10:10 A.MC.A.R. releases new California Coronavirus Weekly Recap newsletter​​In This Issue:​The Economy

Read More

'Can I Buy a House With Bad Credit?'

Getting a Mortgage with Bad CreditIf you have bad credit and fear you’ll face a loan denial when applying for a mortgage, don’t worry. You may still be able to get a mortgage with a low

Read More