What is a short sale?

Foreclosure

A short sale is an agreement by the mortgage company to accept a sale of your house for a certain price. The short sale price is often substantially less than the amount you owe on your mortgage. By accepting the short sale price, the mortgage company agrees that you do not have to pay the balance of the mortgage. Our law firm works directly with an experienced real estate professional, who works with many different loan companies to approve short sales.