A short sale can help struggling homeowners avoid foreclosure—but only if it’s handled correctly with the right REALTOR® guiding the process. Did you know According to the U.S. Department of Housing and Urban Development (HUD.gov), homeowners facing financial hardship may qualify for foreclosure alternatives such as short sales, which can significantly reduce long-term credit damage. In competitive markets like Los Angeles, working with a Short Sale Realtor in Los Angele s can make the difference between approval and denial. What Is a Short Sale in Real Estate? A short sale occurs when a homeowner sells their property for less than the remaining mortgage balance, with the lender’s approval. This option is commonly used when sellers experience financial hardship, such as job loss, divorce, medical expenses, or market decline. Key Characteristics of a Short Sale The lender agrees to accept less than what is owed The seller must prove financial hardship The len...
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