Short sale is when the lender and borrower decide to sell propriety, even though they will have a small loss.
This occurs if the lender and borrower decide that this is better than going to foreclosure, or not completing what was previously stipulated in the contract. It is an option to avoid Foreclosure.
Short Sale is an option to solve a problem instead of hiding, or waiting until the last moment. It has two bit benefits: it will help minimize the damage on your credit, and avoid the stress and hassle of the Foreclosure process.
MGF Group is here to help you understand this process and verify that it is exactly what you need. Also, we work hard to get the highest amount we can for your property, and avoid the most amounts of problems possible.
We are here to help you through the whole process and to guide you to your best options.