Short Sales often referred to as pre Foreclosure are homes that have not been foreclosed on, they are prior to the Trustees Sale and the home owner is requesting that the lenders who hold liens settle for less than what is owed on the property. These transactions can take a little longer than a typical sale and are close to an REO or Bank Owned sale in which little to no repairs will be done in most cases. If you are a Seller needing to do a Short Sale, please visit our Short Sale partner at www.ForeclosureOptions.com. If you are needing to do an out of state Short Sale or want to look for one in another state, we highly recommend you visit www.CDPE.com (Certified Distressed Property Expert) which has a database of trained real estate agents who handle short sales.
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