Foreclosures and Short Sales are very common in todays market.

I am in the process of collecting as much information as possible on foreclosures and short sales. Here is a brief explanation of what they are.

Please check back shortly and there will be more information on them.
In the meantime, if you have ANY questions about them, please feel free to email or call me.
I've sold many homes that were foreclosures and short sales and would be happy to provide you with answers to any questions you have!
*If you're interested in purchasing a foreclosed home, let me know and I can email you available homes.


Foreclosures are houses that banks own. In most cases, the owner could not pay their mortgage and the bank took the house. Now they need to sell it. Banks are not in the business of holding on to houses, they like to "get rid" of them ASAP. That is why most of the foreclosed homes are listed at a price that is under the current market value.
*For a more in-depth explanation on foreclosures, please go to the left and click on "Buyer/Seller Info" and then click on "Homeowner information" There is a link for foreclosure information.


Short Sales occur when the owner HAS to sell their house for whatever reason (loss of job, transfer out of state, rate was adjustable and went up, divorce, etc) and they can't sell the house for the amount they owe on it. Now they need to get the bank to accept whatever the market value is. In most cases, the bank is taking a substantial loss.
Short Sales usually take quite some time to get approval and there is no gaurentee that the house will not get foreclosed on while waiting for an answer to the short sale.