If you find yourself in the position of where you owe more money on the note of your home mortgage than the actual value and worth of the home itself, you can join the club of hundreds of thousands of other homeowners who share your grief. As many realize their homes have lost great value, they find themselves wondering what is a short sale? Basically to answer the common question of what is a short sale, it’s when you sell the home with the banks approval to a qualified buyer for less than you owe on the current note, allowing you to avoid foreclosure. This blog aims to answer all future questions that are posed by what is short sale, including offering advice on where to get short sale forms, how to fill them out and most importantly, how to go about getting a short sale on your home. More posts will be coming every single day. So be sure to check back often so you can find all of the answers to your questions regarding short sales.
