Short Sale property
The term "Short Sale" refers to selling a home for less than what is owed on it. Many homes in the Las Vegas market are over valued. When a Seller cannot sell his home for enough money to cover the mortgage and the closing costs, an appeal can be made to the bank to take less money than he owes.
The process is not easy and not quick. It can however, gain a lot of built in equity for a buyer willing to go through the process. For more info on this, please just give me a call.
