What is a short sale?
Foreclosure is a scary process. On the bright side, if you are facing foreclosure you may qualify for a short sale instead. A short sale is when you sell your home for less than the balance remaining on your mortgage. This is also known as a pre-foreclosure sale. The transaction may not sound ideal but a short sale is often a better option than bankruptcy or foreclosure. The benefits of a short sale are that you can avoid the arduous foreclosure process; you can begin to repa
