Short Sales – Without Private Pool

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“Short Sales” are properties where the current owner does not have adequate equity in the property to sell if for enough to pay off their current loan(s). The owner has typically fallen behind on payments. The lender has typically filed a default notice against the property and the owner is attempting to sell for less than what they owe before it is foreclosed on. This type of transaction requires lender approval before it can be closed. Contact us now with any questions or to schedule showings.