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  A sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off the loan for less than what he owes. :: MY LISTINGS :: Agent Referral Form :: SS/REO UPDATES :: REO/BPO DEPARTMENT :: LOSS MITIGATION DEPARTMENT :: BUYER AGENTS :: SELLER AGENTS :: Commercial Short Sale/REO Dept. :: Dream House Finder :: Free Buyer Reports :: Buyer's Resources :: Search the MLS :: Foreclosure.com :: Seller's Resources :: Market Analysis :: Free Seller Reports :: Homeowner Assistance Numbers :: HOMEOWNER HELP LINKS :: What is a Short Sale? :: Short Sale vs. Foreclosure :: Calculators :: Mortgage Rates :: Credit Report :: Mortgage Prequalification :: Marketplace :: Weather :: Newsletter :: Clark County School Zoning Search :: HOME SMART :: Staff Directory :: Contact :: Personal Info :: Guest Book :: Testimonials :: An Equal Opportunity Company. Equal Housing Opportunity. All rights reserved. 
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