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A Short Sale is a situation where a Seller (1) owes more money on the loan/mortgage (and any other liens on a property) than the sale of the property will likely produce at closing and (2) is unable or unwilling to bring money to the closing to compensate for any shortfall(s) with the lender(s)...
A Foreclosure is defined as a legal process by which a defaulted borrower/homeowner is deprived of his or her interst in a property, usually for non-payment of the mortgage. When refinancing, a loan modification, or a short sales does not work, a distressed home owner is left with one option: Foreclosure...
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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of RealTracs Solutions. Real estate listings held by brokerage firms other than Fridrich & Clark Realty, LLC are marked with the Internet Data Exchange Program logo or thumbnail logo and detailed information about them includes the name of the listing brokers.
Disclaimer: All information is believed to be accurate but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal.
Copyright 2017 RealTracs Solutions.
Listing information last updated on August 18th, 2017 at 7:17am CDT.