What Is a Real Estate Short Sale - San Jacinto CA
By Todd & Devona Garrigus, Broker / REALTORS®
(Garrigus Real Estate)
SAN JACINTO CA SHORT SALE AGENTS A San Jacinto CA real estate short sale is a sale of a San Jacinto 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 Jacinto 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 Jacinto, 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 Jacinto CA home. A San Jacinto CA short sale is often used as an alternative to foreclosure because it can save additional foreclosure and credit fees, costs and implications to bot...