Short Sales

If you are considering a short sale be aware of what you are getting into.  Read Short Sale Basics The Good, The Bad and The Ugly before you venture into the black hole of short sales.

A Short Sale refers to the sale of property in which the sale price is insufficient to pay off outstanding obligations and pay all expenses of the sale.  The incentive for a lender to approve a Short Sale is to sell the property before foreclosure.

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