What is a Short Sale Anyway ?
Posted by shallis on February 11, 2009 · Leave a Comment
A real estate short sale transaction allows you to sell your home on the market – even if you don’t have equity. You’ll need a professional real estate broker/agent who is specifically trained on how to perform short sales, because your broker/agent will be negotiating a “short payoff” on your mortgage with the lender.
This is a great solution for many homeowners because it allows them to get out from under the debt, walk away with heads held high, and save their credit scores from incredible damage of a “foreclosure” ding.
