Greetings!

As a realtor since 2002, Krystine clearly remembers the days gone by of when a couple decided to divorce, the argument would be over who kept the house. Those days are few and far between after a myriad of Buyers bought homes at inflated prices during the real estate bubble. With high home prices, 80/20 loans, low or no documentation loans, and other unforeseen circumstances of a depressed economy, it all added up to a future of Short Sales.
What is a Short Sale?
A Short Sale becomes an option when hardship occurs in a homeowner’s life. Divorce, loss of a job, loss of life of a spouse, underemployment because of a job loss, illness, job transfer, exotic mortgage terms, military service, incarceration, increased expenses and excessive debt, even unexpected repairs or home maintenance are all examples of hardship.

• Put simply, Short Sales is when a homeowner finds themself in a hardship situation and can no longer afford to make the mortgage payments