What Is a Real Estate Short Sale - San Bernardino CA
By Devona Garrigus, REALTOR® / Short Sale Specialist
(Garrigus Real Estate)
SAN BERNARDINO CA SHORT SALE AGENTS A San Bernardino CA real estate short sale is a sale of a San Bernardino CA home in which the proceeds from selling the property will fall short, or not be as much, of the balance owed on the San Bernardino CA house because the property owner cannot afford to repay the full mortgage amount(s). In another words, the under-water homeowner sells the San Bernardino, CA home for less than what they owe on it. This is why banks must approve a short sale for the transaction to happen. This is also why an experienced real estate short sale professional should be used when selling short your San Bernardino CA home. A San Bernardino CA short sale is often used as an alternative to foreclosure because it can save additional foreclosure and credit fees, costs an...
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