Work of artist: Matty Jankowski

The #1 Question we are  asked lately  is, “What Is A Short Sale?  It’s a really good question especially since many real estate industry professionals don’t know. 
 
I’m going to give you the simplest answer…A short sale can also be thought of as a pre-foreclosure.  In a short sale the lender is willing to take a discount on the note in lieu of foreclosure.  The homeowners have agreed to work with the bank to sell their home due to some type of financial hardship.  Since foreclosures are so expensive for the bank there is motivation and discounts when buying a short sale that are passed onto the buyer.   

Stay tuned for next weeks #2 Question asked from homeowers, “Why Should I Do A Short Sale?”

If you or someone you know is facing financial hardship & may be in need of a short sale for their home: please contact us  to see if we can help avoid foreclosure. 310-430-3948