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True Definition of Short Sales
True Definition of Short Sales
 
There are so many questions about the Short Sale especially in today's Real Estate Market.
So here is a True Definition of Short Sales from A Licensed Loan Officer and added content from a Licensed Real Estate Agent.
 
A Short Sale is 19 times out of 20 the result of a Home Owner deciding they are paying too much for their current Mortgage, due to a multiple of reasons: Financial Hardship, Decline of character in the neighborhood, job loss or relocation, or simply in agony by watching investors and new home owners alike buying properties right next to them for half to a third of what they originally paid.

 

 
Either way its a situation that is unfortunately plaguing many Americans and many still unaware of the best action to take.
 
I will say there is nothing wrong with feeling this way, Its not a good feeling knowing you got screwed, even though it was in fact us that signed on the dotted line, it does not change the fact that Life Happens and things change, sometimes drastically,
With that being said, The First thing I advise you do If ... more

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