Homeowners Guide to Real Estate Short Sales
Posted by Advantage Real Estate on
Short Sale Guide: What Homeowners Need to Know Before Selling
Navigate the complex process of selling your home for less than you owe
What Is a Short Sale?
A short sale occurs when a homeowner sells their property for less than the amount owed on their mortgage. This real estate transaction requires approval from the mortgage lender, who agrees to accept less than the full loan balance to avoid the lengthy and costly foreclosure process.
While a short sale can provide relief for struggling homeowners, it's a complex process that requires careful consideration of financial, legal, and credit implications. Understanding the ins and outs of short sales can help you make an informed decision about whether this option is right for your…
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