Short Sales are here for several years to come. Find out what you need to know about the current Orange County real estate market and how short sales are impacting the market by listening to Zen Ziejewski's August 2008 Podcast. This podcast will help you learn more about the short sale market and the options a seller has when considering a short sale.
What is a "SHORT SALE"? It is when the seller/borrower is asking the lender to take less then what is owed on the loan. For example, if someone has to sell their home and owes $600,000 but their home is now worth only $500,000, a short sale could be an option for the seller to help them avoid foreclosure. The short sale process is a slow and tedius process that requires someone that really knows what they are doing to get the short sale accepted. Zen Ziejewski is a short sale expert in the Southern California and Orange County Real Estate Market.
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