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When a property owner becomes delinquent in their house payments they can attempt what is known as a short sale. A short sale indicates that the proceeds of the sale will not cover the debt on the house, indicating the lender will be taking a loss. The question then becomes how much loss is a [...]
Posts Tagged ‘short sale’
Anatomy of a Short Sale – Will Someone Make a Decision?
Sunday, January 6th, 2008Foreclosure – It Happens
Friday, November 30th, 2007
A few days ago we looked at the number of properties that were in some stage of foreclosure in the City of Pasadena. With so much talk these days about the increasing number of foreclosure’s we thought we would attempt to explain the process for a property that goes into default. To get a good [...]
