Short Sales

This is a real estate sale that generates proceeds that are less than what is owed on the property. While this isn’t ideal, it is often preferable to other alternatives–the borrower defaulting on her loan, for instance. With a short sale, the borrower avoids what could be a damaging hit to her credit, and the lender recoups some of his money and avoids costs associated with foreclosure.
 
 
 
 
 

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