Short Sale

What is a Short Sale?

 A Short Sale occurs when a home is sold and the sale proceeds don’t fully pay off the loan(s) on the property and the lender agrees to release the lien on the home and accepts the less amount owed on the debt; releasing the property allowing it to close escrow.   In addition the property owner cannot afford or chooses not to repay the lien or liens full amounts.  Contrary to popular belief, it’s not difficult to qualify for a short sale.  Get more information on Frequently Asked Short Sale questions.


At Mode and Durham, we know that the possibility of a Short Sale is a difficult decision to make. We are here to make this process a smooth transition. If you are considering a Short Sale, please fill out the contact information below:

 

Lori Mode and Bruce Durham, Elk Grove agents

 Contact us for further questions at
P: 916.405.5737 E: info@modeanddurham.com

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 The data relating to real estate for sale on this web site comes in part from Keller Williams Realty- Elk Grove. Database last updated 10/22/2017

 

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