In real estate, a short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic hardship on the part of the mortgagor. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale.
We have been helping home owners make the right decision with their real estate questions for many years now. It is very important to know that if you have any questions regarding your home you contact a professional. We at www.VipTopTeam.com help home owners make the right decision.
If you have any questions please feel free to call us or e-mail us. We are here to help the Chino community.
Best regards,
Pedro Gonzalez
ERA Regency Realtors
Chino California Real Estate
909-342-7897
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