A short sale is a sales transaction in which the seller's mortgage lender agrees to accept a payoff of less than the balance due on the loan.

~SHORT SALE ADVANTAGES~

MAKING AN OFFER ON A SHORT SALE? WHAT YOU NEED TO KNOW !

* Enter the agreement with patience

* Have your financing in order
* Lenders like no contingency offers
* Potential for rejection
* No repair or repair credit you will most likly be asked to take the property AS-IS

THE RISKS OF SHORT SALES ARE CONSIDERABLE. ALTHOUGH IF YOU HAVE TIME, PATIENCE, AND IRON WILL TO SEE IT THROUGH, A SHORT SALE CAN BE A WIN~WIN FOR YOU AND THE SELLERS!