What Short Sales Are & Why People Do Them

A short sale is a sale of real estate in which the net proceeds from selling the property will fall short of the debts secured by liens against the property. You can't profit from a short sale, but if you're underwater on the mortgage, profit is going to be the last thing on your mind. A short sale helps you get out from under painful debt and avoid possible foreclosure - and in today's episode, we'll be joining Megan as she explains short sales to us in detail. Learn more online at meganzucaro.com