📉 What Is a Short Sale (And Can It Help You Avoid Foreclosure?)

If you're behind on your mortgage or owe more than your home is worth, you might have heard the term “short sale.” But what does it really mean — and is it the right move for you?

A short sale is when a homeowner sells their property for less than what they owe on their mortgage. It typically happens when a home’s value has dropped significantly or the owner is experiencing financial hardship. In these cases, the lender agrees to accept less than the full loan amount to avoid the more costly and damaging process of foreclosure.

🎥 Watch the full video to learn more: 

✅ While a short sale can impact your credit, it’s often less severe than a foreclosure.⚠️ It can take months to get lender approval, and there’s no guarantee it’ll go through.🧠 That’s why it’s critical to work with an experienced agent or attorney who knows the process inside and out.

Bottom line: If you’re struggling to keep up with payments, a short sale may be the best way to protect your credit and start fresh.