Pre-Foreclosure - Short Sale

Another technique often used by investors is the short sale.  Essentially, they work with you and the lender to negotiate a discount off the amount due to the lender. The lender may agree to this if they determine that they would lose even more money by going through with the foreclosure.  For example, if the house is in disrepair, or the loan to value amount is extremely high, the lender… Continue reading