SAN DIEGO REALTY SPECIALISTS

Short sales are sales where there is not enough money in escrow to pay the Lender.  In other words the amount left to pay the lender is "SHORT".  The Lender has agreed to take a reduced amount to satisify the loan.  In many cases the lender will want a promissory note for the "short" amount.  In other cases the Lender will want the seller to deposit some money into escrow to be paid to the Lender.  Each case is unique, and the outcome is uncertain.  Currently about 1 out of 5 short sales are successfull.