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Monthly Archives: May 2012

Because we shouldn’t be afraid to dream…

Check out this beautiful California home and its lush gardens. Jasmin works with you and helps you take steps to buy your dream home. Contact her and find out how she can help.

 
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Posted by on May 13, 2012 in General

 

What Is A Short Sale?

A short sale is a process used when the value of real estate falls to a point less than the balance outstanding on the mortgage loan. A short sale involves two steps. First, the mortgage lender agrees to discount the loan, to lower the amount due on the loan to a point where it is more in line with the value of the real estate. Second, the owner places the property for sale at a more competitive price with the objective of using the purchase proceeds to pay off the outstanding mortgage loan.

 

 
 
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