Santa Barbara Real Estate

"Practicing the Fine Art of Real Estate"

Santa  Barbara  Real  Estate header image 4

Entries from May 25th, 2010

Short Sales

May 25th, 2010 · No Comments · Short Sales

What is a Short Sale?A Short Sale is where the loan balance exceeds the market value of the home. Lenders, facing a surge in delinquencies, increasingly have been willing to accept short sales. How Did this Happen?Homeowners faced with stalled appreciation, little or no equity, and sub-prime mortgages (ARMs) that are resetting to higher rates […]

[Read more →]

Tags: