Short Sales—Pre-foreclosures Effect the Long Beach Real Estate Market Many home owners are having trouble making their mortgage payments which may lead to stress and embarrassment of foreclosure of the home that they love. In Long Beach, as of … [Read more...]
What is a “Short Sale” or Pre-Foreclosure?
February 7, 2009 By 4 Comments
A “Short Sale” means that the owner owes more than the home is listed for and is trying to sell it short of what they owe. The lender who holds the mortgage would have to approve the lower amount in order for the sale to go through. In … [Read more...]