Many people are talking about short sales and what a short sale is. A short sale is basically an option to avoid foreclosure. When the home is worth less than what is owed on it, the bank and the investor allow the borrower to sell the house for less than what is owed and the homeowner’s debt is forgiven.
It is a complicated and difficult process, but a great alternative to foreclosure. If you’ve had a major life transforming event, a short sale might be for you. We like to say that a short sale is like applying to get out of a loan. There is nothing short about the time it takes to complete a short sale, but it is a better option than foreclosure.
About Jeff Green
Jeff listed and sold his first short sale in early 2006 at the beginning of the Real Estate Recession. While other agents rejected short sales because of their complexity and the work involved to successfully complete them, Jeff embraced them as a rewarding way to help home owners who were facing difficult times.
About Jeff Reyes
Jeff Reyes has been a REALTOR since 2009. In just six short months from starting his real estate career, he dominated the local internet traffic for short sales and started writing a weekly real estate article for the local newspaper. It is Jeff's passion to inform and equip the local community to be able to make smart real estate decisions. Outside of real estate, Jeff's major passions are vacations and his family.
