A Naperville Short Sale Can be Anything but a Shortcut!

The term “short sale” has been misleading people for decades. Despite the name, it’s a term applied to transactions that often involve a lengthier-than-usual sale process. A Naperville“short sale” is named for the financial aspect of a sale rather than the length of time it requires. It’s anything but a shortcut.

The ‘short’ in ‘short sale’ describes a sale at a price that comes up short—is less than the full amount owed on an Naperville home loan. As you’d guess, whether a bank (or any mortgage holder) accepts such a sale is a decision that is up to the lender.

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Enjoy!

Joe Graham

331.472.7653