What is a Short Sale?

A Short Sale is a real estate term for selling a home for less than what is owed on the mortgage.  In many cities with house values declining, homeowners have borrowed too much from their homes and find themselves upside down.

Short Sales For Sale in Spokane

Any given homeowner can end up in this position in just a matter of a few months.  A loss of job, medical emergency, divorce, etc. can all lead to missed mortgage payments.  When a hardship has occurred and you are no longer able to make these payments there are solutions.

Many lenders will work with you to renegotiate your loan payments and help keep you in your home.  If that is not an option you might pursue a short sale...with the help of a certified distressed property expert your chances of a successful closing increase and you are on your way to getting out from under that mortgage payment.




If you live in the Spokane Area and you are considering a short sale call me today and let me help you through the process.

Peter Hagen | CDPE
509-850-1900
Phagen@remax.net