Folsom Short Sale Agent Explains Short Sale Process to Short Sale Candidates in Folsom
[caption id="attachment_4902" align="aligncenter" width="275" caption="How To Short Sale 101: By Folsom Multi-Certified Short Sale Specialist Forth Hoyt"][/caption] What is a short sale? A Short Sale in real estate is when a home is sold for market value that is lower than the amount of the debt owed. The Short Sale Process is actually two transactions running side by side, more or less simultaneously. The first transaction is just "real estate 101". This is the transaction between you, the Folsom Short Sale Seller and the short sale buyer. This transaction contains all the traditional real estate time-lines, disclosures and contingencies but also additional addendum's and disclosures letting all parties know that, among other things, it is contingent upon third party approval. The other transaction is...
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