San Jacinto Short Sale Process
By Todd & Devona Garrigus, Broker / REALTORS®
(Garrigus Real Estate)
San Jacinto Short Sale Process - San Jacinto Short Sale Agents What Is A San Jacinto Short Sale, And Why Would A Bank Consider It? Simply stated, a San Jacinto short sale occurs when the bank accepts an offer on your home that is less than what is owed on the mortgage. For example, let’s say you owe $300,000 on your home in San Jacinto, and the market value is $150,000. Our San Jacinto short sale agent team lists the property for sale, and receives an offer of $150,000. Basically, we are “shorting” the bank $150,000. In doing so, your lender will “forgive” the debt and allow you to move on with your life. Banks accept San Jacinto short sales because they are better for their bottom line, when compared to foreclosure. A typical foreclosure will cost the bank anywhere from $15,000-$50,00...