A short sale is a transaction in which the lender, or lenders, of a real estate property agree to accept less than the mortgage amount owed by the current homeowner. Since a short sale generally costs the lender less than a foreclosure, it can be a viable way for a lender to minimize its losses.
Due to the current economic conditions, the number of short sale properties on the market is rising. At Glass Land Acquisition, we can assist you in the short sale process whether you are a seller or a buyer.
