We've all heard the term "Short Sale" thrown around a lot lately in casual conversation. Contrary to popular opinion, it's not a term for selling your home quickly. It's the process of getting your lender to agree to take less for your home than what you owe on it. Short Sales have become so prominent in this current economy because property values have fallen so severely and since we were coming off of very strong markets, many homeowners are finding themselves upside down in their current home.

The decision to sell your home "short" is difficult and can be overwhelming. If you are considering your options, be sure to consult an expert. A good real estate agent can walk you through the process, discuss your specific situation, and offer advice based on their experience in your area and with your lender. If you or someone you know may be considering a Short Sale, please call us today!