What is a Short Sale?
A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. A homeowner is 'short' when the amount owed on his/her property is higher than current market value. A short sale occurs when a negotiation is entered into with the homeowner's mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then 'sold short' of the total value of the mortgage.
To find out about are Short Sales in Arlington, Texas, or Short Sales in Fort Worth Texas contact
Darlene Johnson & Associates
Keller Williams Realty
1301 S. Bowen Rd.
Arlington, TX. 76013
darlene@darlenehelps.com
817-313-2537
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