A short sale is the sale of a property, with the authorization of the creditors, for less than what is owed on it. Another way of saying is that Short Sale is where the bank is willing to take a lower payoff amount in order to allow owner to sell their house and avoid foreclosure.

A short sale occurs when debtors agree to settle their liens for a known amount of money as opposed to taking a chance at auction. Many lenders are willing to take this risk of loss by making deals before auction because auction prices are often unpredictable and usually are in greater discount. Lenders also save money by not going through the Foreclosure process!

If your loan balance is higher than the value of the property & are interested to sell it, give us a call @ 650-553-9099 or e-mail your inquiry to info@dcyrealty.com