A short sale refers to a property sale in which the sales price is lower than what is owed currently to the lender. Lenders often agree to this financial solution when the borrower is struggling to make the ongoing mortgage payment when this is a stronger financial option than allowing the property to go into foreclosure. When you short sell your property, you can move on to a property in which you can afford, without allowing the property to go into foreclosure.
To find out more about short selling and to determine what your current property value is... SHORT SALE...don't let your bank take your home.
CALL TONY PALEVIC 718-370-2390
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