You will likely come across dozens of Austin foreclosures with little or no equity, that is, the seller owes at close to or more than the property is worth. In these situations, lenders are sometimes willing to accept less than the full amount due, commonly referred to a “short pay” or “short sale.” Negotiating an …
Are you wondering how does a short sale work? If so, you’re not alone. Many Austin area homeowners are facing foreclosure and looking for solutions that can reduce the impact to their credit. Entering into a real estate short sale agreement can be a saving grace that allows borrowers to sell their property ‘short’ of …