Sara Mehrpouyan Los Angeles CDPE's Blog – June 2013 Archive (1)

Are All Short Sales in Los Angeles Always a Success?

Unfortunately, not all Short Sale properties that are listed for sale in the Los Angeles area will close escrow. First, what is a Short Sale? If a home's current market value is less than the mortgage balance owed and the homeowner (borrower) cannot afford to make the mortgage payments, they will ask their lender(s) to take an offer from a buyer and approve a…

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Added by Sara Mehrpouyan Los Angeles CDPE on June 25, 2013 at 6:27pm — No Comments

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