Short Sales have become the norm in Orange County Real Estate. A short sale is the process by which a homeowner can sell a house for less money than he actually owes on the mortgage(s). This is done by the seller and the listing agent providing proper documentation to the mortgage lender(s) to convince them to reduce the mortgage balance to allow the sale. The mortgage lender (or bank) actually takes a loss (or write-off) on the mortgage because the value of the home has fallen below the mortgage balance AND the homeowner is in a poor financial condition that will not allow him to continue to pay on time.
Los Angeles County Short Sales By City
As a buyer or investor in Los Angeles County and around Southern California, you have so many options when it comes to Short Sale/Pre-Foreclosure Properties. Our website is updated 4 times daily with the newest and best Short Sales right at your finger tips. Below is a list of short sale properties by city:
Los Angeles Short Sales By Price Range