Over the next few days, I'm going to be going over the different aspects of buying and selling short sale properties. Today, I am going to focus on a question I get a lot: What is a short sale?
In Colorado, a short sale is a LENDER approved transaction where the lender agrees to take less than the full payoff amount to release a deed of trust (often referred to as a mortgage).
If you would like more short sale information, be sure to check out the "Short Sale Specialty" on my website at http://www.my5280homes.com.
Look for tomorrows short blog article about who qualifies for a short sale.
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