In this market short sales are popping up all over the Valley, but what is a short sale and why would a  person or lender agree to one? Good question in the past years we have not seen very many listings of this sort however, the market has changed. The influx of homes on the market has changed are market considerably.

 

A short sale by definition is when a home is sold for less then the note due on the home which the Lender takes the short sale as payment in full. You will possibly be 1099 for the amount forgiven but it is still a better situation then going through a foreclosure.

 

If you or someone you know is in need of help due to a hardship issue please contact me and lets see if I can help out!