Short Sale or Foreclosure? What To Consider Before Making the Decision

Short SaleIn the last two years home prices have fallen dramatically because of the economic downturn.  This has resulted in thousands of Southern California homeowners owing more on their mortgage than their home is worth.  The worst consequence of this situation is that many homeowners who need to sell their home have not been unable to.

Robert Wolf RealtorIf you need to sell your home but owe more on your mortgage than your home is worth Robert Wolf can help you complete a Short Sale.  A Short Sale is a negotiated agreement where the bank agrees to let you sell your home for the current market price.  The bank, in many circumstances, will agree to consider the mortgage settled at the reduced price.  A Short Sale is a win-win arrangement where you become unburdened by a home with no equity.