Short Sales and Los Angeles Short Sale Alternatives
Posted by Jenny Durling on Saturday, October 9, 2010 at 3:37:49 PM By Jenny Durling / October 9, 2010 Comment
When the real estate bubble burst, a lot of homeowners found themselves on the losing side in terms of property ownership. There are a lot of people with monthly mortgage payments that exceeded their monthly net income. In combination with the drop in property values, a lot of folks have been left not knowing what to do. It is due to this dismal situation that the short sale became a household name. Realize, that if your property has enough equity in it, you can sell it through conventional channels. If the amount owed on your property is more than what is is currently worth, you might be a perfect candidate for a short sale. I've written previous posts about short sale and you can click on any of these links for more information.
- What is a hardship and do I qualify for a short sale?
- What is a Short Sale package?
- Is a short sale better than a foreclosure?