One of the most misunderstood factions of Real Estate in today’s marketplace is the entire concept of Short-Sales. I mean like - just what the heck are they? Where did they come from? Who invented them? All very reasonable questions – so let’s see if we can shed a little light on them now…Years ago before the Banks began giving loans to anyone who showed a spark of life in their bodies, most people paid their bills/mortgages. If they didn’t – the Home-owner/s then became Home Sellers & most would secure a Realtor to help dispose of the home prior to becoming foreclosed on. Most of the time, Hardworking Realtors were successful in getting these homes sold and closed. Occasionally – the Sellers themselves would have to come up with money to make up any losses in order to provide clear title.

 

Oh how the times have changed…   Before you wrestle with or try to tackle a Short Sale – understand just what they are and what they aren’t…Give us a call…