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Short Sale Articles

Foreclosure vs Short Sale

Have you ever seen those analogy questions that are popular on SAT exams and other standardized tests that are written like, "Dolphin is to Mammal as Tuna is to Fish"? Well, I got one for you. If losing your home were the same as getting a venomous snake bite, then "Short Sale is to Medical Treatment as Foreclosure is to Amputation."

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Understanding Short Sales

A "short sale" of real estate means selling property where the earnings from the sale do not cover the total liens (or debt) against the property and the seller cannot financially cover the difference. Short sales are often done to avoid foreclosure and may have similar repercussions to a foreclosure.

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