Short Sale

    Any sale of real estate that generates proceeds that are less than the amount owed on the property. A real estate short sale occurs when the lender and borrower decide that selling the property and absorbing a moderate loss is preferable to having the borrower default on the loan. It is therefore an alternative to foreclosure. Real estate short sales can be done only by mutual consent of borrower and lender. Both parties can benefit greatly from this type of transaction. Borrowers can avoid having a foreclosure appear on their credit report, while lenders can avoid substantial fees associated with foreclosure.


    I was very impressed with the knowledge and experience from Clair Lee, my realtor, from Amanda Howard Realty. I have listed two homes with this company and have been more than satisfied with the results. They are the only company that I have dealt with in the last 20 years that has total feedback daily on the market and personal feedback on the homes that I had listed. I would definitely recommend this company highly.


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