What is a Short Sale?
Known as a real estate short pay off or a pre-foreclosure workout. A short sale is an agreement with a lender to accept less than the amount owed by a borrower via a sale of the property to a third party. With this agreement, the lender releases the borrower from the mortgage, thereby preventing foreclosure. a homeowner, do you think that your home might qualify to be sold by "Short Sale" with your lender.
With distressed homeowners nationwide trying to avoid foreclosure, our Short Sale Department provides a services to aid in the sale of short sale properties. If for whatever reason you are currently behind on your mortgage payments - or foresee that you will soon be unable to continue making your payments - take heart: you do have options other then foreclosure.
Contract our Short Sale Department at goyellow@prgsold.com and let us help you start the process before it is to late.