What is a Short Sale
A short sale in real estate occurs when the outstanding obligations (loans) against a property are greater than what the property can be sold for. Short sales are a way for homeowners to avoid foreclosure on their homes and still be able to pay off their loan by settling with lender.
This is the fastest-growing foreclosure alternative. Many lenders will allow a Short Sale, when the home sells for less than the amount of the loan. This is attractive for lenders because they lose less money than in a foreclosure. Also, Short Sales generally take less time than foreclosures, so the banks don't have to carry the properties on their books as liabilities.
Christine is a unique realtor in San Diego CA, combining the skills of a real estate professional and an interior designerChristine Diveley is a Francophone realtor who brings integrity, professionalism and excellent service to every transaction. In 2012, 2013 and 2014 she was the recipient of the FIVE STAR Real Estate Agent award for customer satisfaction. She is part of an elite group of Realtors that comprises the top 3 percent of the licensed agents in the San Diego area.
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