Why is a short sale bad?
Learn the impacts to the homeowner whose home is worth less in the current market than is owed for the loan and closing costs (Market value is "short" of amounts owed to the lender). The short sale involves many and complex issues and hurdles for the homeowner, lender, real estate agent and potential buyer of the short sale home. We did a lot of short sales through the 2006-2012 recession and learned a lot, from having a massive checklist to the logistics of dealing with banks, negotiating and closing short sales, and so much around the edges and in between. The homeowner faces why a short sale is bad both on the financial and credit side of life, as well as on the personal and emotional side of things. This video lists perspectives helpful to homeowners facing the situation. Questions? Call Lisa (951-704-4559) or text or email. Thank you, Lisa Delzompo Assoc Broker Sand to Sea Properties, Inc. 27247 Madison Ave., #400 Temecula, CA 92590 (Mobile) 951-704-4559 DRE #01379811 NMLS #331744 Info is deemed reliable and not guaranteed. Lisa has both a real estate and attorney's license, but she does not practice law. Never rely on general information on the internet; consult a professional.