What is a Short Sale?
A short sale is a situation in which the seller
(1) owes more money on the loan and any other liens on the property) than the sale of the property will likely produce on the market and
(2) Is unable or unwilling to bring money to closing.
In a short sale, the lender has not yet foreclosed on the property, which provides a window of opportunity for the owner to sell the property in order to at least partially satisfy the amount owed to the lender.
If you in need of an agent to assist you to work with your bank and facilitate a short sale, Call Shari to discuss if this is an option for you.