Are you wondering what a Short Sale is?
A simple example would be:
Seller owes $250,000 in mortgages for a home that in the current market can only be sold for $200,000. Meaning the Seller would be short $50,000 plus the expenses of closing, commissions, taxes, tax stamps, etc.
When this happens and the Sellers need to sell we call this a short sale and can approach the Sellers mortgage company to try to get them to except less than what is owed with debt forgiveness for the difference.
Yes it can work and yes we can help!