If you know of a family member or friend that is facing foreclosure, please have them call me immediately. I am a Certified Distressed Property Expert and can help ease their mind with a solution way better than Foreclosure. They won't regret it.
A homeowner is "short" when:
When a borrower owes an amount on his property that when combined with closing costs and commission is higher than current market value.
A short sale occurs when:
A negotiation is entered into with the homeowner's mortgage company or companies to accept less than the full balance of the loan at closing. A buyer closes on the property and the property is "sold short".