Short Sale Education

Should I buy a short sale?

Posted by admin on Nov 21, 2009 in Home Buying Tax Credits Explained, Mortgage Education, Short Sale Education, first time home buyers | 0 comments

People ask me all the time “what is a short sale?” Or as my mother likes to say “There’s a house in the neighborhood for sale, I think it’s one of those quick sale things you told me about…” A short sale is a house that is for sale but the owners owe more on the mortgage than they’ll be able to get in a sale – i.e. they owe more than market...