The Kate Christiansen Group wants to help. Kate has helped many
people avoid forclosure. Short sale - a complete misnomer, some sales
can last for months! Kate is an expert in pushing through short
sales in record time. We handle Santa Clarita, Valencia, Antelope
Valley and Ventura, short sales.
What is a Short Sale?
1. A short sale is a sale of real estate in which the proceeds from
selling the property will fall short of the balance of debts secured
by liens against the property and the property owner cannot afford
to repay the liens' full amounts, whereby the lien holders agree to
release their lien on the real estate and accept less than the amount
owed on the debt. Any unpaid balance owed to the creditors is known
as a deficiency.[1] Short sale agreements do not necessarily release
borrowers from their obligations to repay any deficiencies of the loans,
unless specifically agreed to between the parties.
2. A short sale is often used as an alternative to foreclosure because
it mitigates additional fees and costs to both the creditor and
borrower; however both will often result in a negative credit report
against the property owner.