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.