What is a SHORT SALE?

What is a Short Sale?

      A Short Sale occurs when a homeowner owes more on their property than the property is actually worth but, their lender agrees to accept a discounted pay-off to avoid the foreclosure process.  To be eligible lenders usually require that there is a "hardship" situation involved with the homeowner that causes the homeowner to not be able to pay their mortgage obligation.

     To learn more about Short Sales and Avoiding Foreclosure, please read Frequently Asked Questions Regarding Short Sales and other blog posts on my website or call me at #616-355-6326

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Janice VandenBerg

Janice VandenBerg

Associate Broker
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