Category Archives: foreclosure

We hear a lot of buzz about short sales these days….Buyers call and say, “I want to buy a short sale or a foreclosure house!” For home buyers, a foreclosure or short sale can often be a good deal, although this is certainly not always the case. But what, exactly a short sale? A short sale, or “short pay” involves the seller’s lender agreeing to accept less than what they are owed in order to avoid foreclosing on the house. Why would they do that? Contrary to popular belief, the banks really don’t want to own houses, or go through… Read More »