Friday, January 7, 2011

What is a short sale?

Although short sales have been around for a long time, recently we find them to be a more commonplace term when buying or selling real estate.

A short sale is a situation in which the seller (1) owes more money on the loan than the sale of the property will likely produce on the market and (2) unable to bring money to closing. The seller may or may not be in preforeclosure.

Can the Grove Team help?

You bet! Whether you are considering a purchase of a short sale or need to sell and would like the explore a short sale as an option, the Grove Team is experienced with the process.

Contact us direct to learn more and discuss how our team concept and experience can help you. Reach us at the office, (817) 337-0000 or online, www.groveteam.com

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