Real Estate Short Sale

Many real estate transactions today are short sales in some area's of the country they have been as high as 40% to 50% of all real estate transactions in the latest quarter. The definition of a 'Real Estate Short Sale' is any sale of real estate that generates proceeds that are less than the amount owed on the property. This makes short sales a more complex transaction than a regular real estate sale or purchase, especially if a second or third mortgage is on the one property too.

For home owners who can no longer afford to keep mortgage payments current, a real estate short sale is a great alternative to bankruptcy or foreclosure proceedings.

 

“We buy properties throughout the Upstate NY Area - City, Suburbs, or Country.”