What Is a Real Estate Short Sale - Chino Hills CA
By Todd & Devona Garrigus, Broker / REALTORS®
(Garrigus Real Estate)
CHINO HILLS CA SHORT SALE AGENTS A Chino Hills CA real estate short sale is a sale of a Chino Hills CA home in which the proceeds from selling the property will fall short, or not be as much, of the balance owed on the Chino Hills CA house because the property owner cannot afford to repay the full mortgage amount(s). In another words, the under-water homeowner sells the Chino Hills, CA home for less than what they owe on it. This is why banks must approve a short sale for the transaction to happen. This is also why an experienced real estate short sale professional should be used when selling short your Chino Hills CA home. A Chino Hills CA short sale is often used as an alternative to foreclosure because it can save additional foreclosure and credit fees, costs and implications to bot...
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