Peninsula Real Estate Guru

Arn’s Real Estate Advice, Counsel, and News for Peninsula Buyers and Sellers

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Entries Tagged as 'Short Sales'

Good information for owners considering a short sale

July 14th, 2008 · 2 Comments

Even on the San Francisco Peninsula, short sales do occur.
A short sale occurs when the existing loan balance on the property is greater than the value of the home.
The property is placed on the market and an offer is obtained which is accepted by the owner subject to the lender’s approval. The lender’s approval must […]

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Tags: Short Sales · Credit Information · Real Estate Finance