California Property Solvers
2609 East Colorado Blvd. Suite 70841Pasadena, CA 91117
Toll Free: 866-652-4538
Local: 626-791-2538
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What Are Short Sales?
We get this question a lot...."What is a Short Sale?"
The easiest way to explain a short sale is to describe what happens when a short sale occurs. A short sale takes place anytime a property is sold for less than what is owed on the mortgage and the lenders who own the underlying mortgages accept less than full payoff as a settlement.
This has become common in today's real estate market. Short sales usually take place during the foreclousure process when a buyer is trying to buy a property and the purchase price will not cover the payoff of the mortgages in full. Most often these properties are bought and sold after the foreclosure process has started but before the process is completed through a Trustee's Auction sale. This stage is called the Pre-Foreclosure stage.
To find out if you qualify for a Short Sale CLICK HERE
The easiest way to explain a short sale is to describe what happens when a short sale occurs. A short sale takes place anytime a property is sold for less than what is owed on the mortgage and the lenders who own the underlying mortgages accept less than full payoff as a settlement.
This has become common in today's real estate market. Short sales usually take place during the foreclousure process when a buyer is trying to buy a property and the purchase price will not cover the payoff of the mortgages in full. Most often these properties are bought and sold after the foreclosure process has started but before the process is completed through a Trustee's Auction sale. This stage is called the Pre-Foreclosure stage.
To find out if you qualify for a Short Sale CLICK HERE