User:Maozlev

What is a Short Sale? Or what is a real estate short sale? When a property owner realizes that her/his property is worth less than the debt (mortgage) owed and he/she is unable to make the payments, that person may ask the lender to short sell their property. In such a case the leneder needs to agree to the sale price that is usually less than the amount owed to the lender, i.e the remaining balance of the mortgage. The borrower is basically trading the mortgage for the proceeds from the sale of the property. This transaction usually protects the property owner from further degredation of their credit.

IShortSale is a company that assists property owners nation-wide to avoid foreclosure via short sale or other solutions. A homeowner should know that in most cases short sale transactions are performed at no cost to the borrower/homeowner.