What is a SHORT SALE?
There has been a great deal of talk today about short sales. The Naples Board of Realtors has even approved a field for indicating short sales in our Sunshine MLS. So, just what is a short sale? A short sale is a sales transaction in which the seller's mortgage lender agrees to accept a payoff of less than the balance due on the loan. While this sounds like a win-win situation for everyone involved, short sales do not necessarily work out for everyone. On this page I have posted links to sites and articles about short sales. I hope you find these links informative.
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