Metro Atlanta Short Sale Information
A short sale in Atlanta is when a homeowner sells their house at a price that is lower than the balance owed on their mortgage. Because the proceeds from the sale of the home falls short of the principle balance owed to the bank, it is referred to as a short sale. This type of sale occurs when a homeowner cannot afford the mortgage payments and the value of the property drops so that the homeowner cannot refinance his home. The mortgage holder decides that selling the property at a loss is better than forcing the home into foreclosure.
- Learn more about what is involved in a short sale.
- Find out what the differences are between a short sale and a foreclosure.
- Explore the short sale process.
- Are you qualified for a short sale?
- Get expert advice.