When a homeowner who is in financial distress and at risk of foreclosure convinces the bank to accept less than the amount owed on the mortgage when the property is sold. Typically short sale specialists assist with negotiations with the bank.
When a homeowner who is in financial distress and at risk of foreclosure convinces the bank to accept less than the amount owed on the mortgage when the property is sold. Typically short sale specialists assist with negotiations with the bank.