Author: Laura Williams

Unveiling the world of real estate, one word at a time. Fueling my passion for knowledge and investments by sharing insights on all things real estate.

A short sale is the process of selling a home for less than the amount outstanding on the mortgage. For homeowners in financial hardship, it is frequently viewed as an alternative to foreclosure. When a homeowner is unable to keep up with their mortgage payments and owes more on their house than its current market value, a short sale happens. This condition might emerge as a result of a variety of factors such as job loss, divorce, or unforeseen medical bills. Instead of going through the lengthy and damaging foreclosure process, homeowners may choose a short sale as a strategy…

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