Sherry Pyszczynski
Phone:
(248) 288-3500
Mobile:
(248) 217-1680
Fax:
(248) 288-3513

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This Month In Real Estate

Eight steps to buying your home

Deciding how much house you can afford

Creating your home wishlist

Location, Location, Location

Opting for new home construction

How can a real estate agent help me?

Eight important questions to ask your agent

Mortgage Calculator

Contact us about buying a home

What is a short sale?

A  short sale, in real-estate terms, is the sale of a house for less than what the owner still owes on the mortgage. If the lender agrees to a short sale, the rest of the homeowner's debt typically is forgiven. Lenders sometimes agree to the procedure in order to take a small loss and avoid the lengthy and costly foreclosure process.