I posted up a video with my home price predictions here in the Temecula Valley as of February 2010... enjoy!
To view the post click here...
Monday, February 8, 2010
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Short Sale Help is an informational site to bring you the facts on selling your home when you can no longer afford it. We'll discuss what it is, what it means and how to proceed.
In a nut shell, a short sale means you're asking the bank to sell your home for LESS than what you owe.
Technically it is a transaction in which the lender, or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt.
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