Category Archives: Short Sales

Short Sales/Foreclosures – 10 Myths

[ Note: this is an except from an excellent article by Brandon Brittingham. If you want, you can read the full article here.]

It’s likely you’ve heard the term “short sale” thrown around quite a bit. But what, exactly, is a short sale? A short sale is when a bank agrees to accept less than the total amount owed on a mortgage to avoid having to foreclose on the property. Continue reading