WHAT IS A SHORT SALE? With the decline of home values, an increasing number of homeowners are finding themselves in a position of negative equity. If a homeowner owes more than their home is worth, and needs or wants to sell, the bank that holds the mortgage needs to authorize a release of the lien for less than what is owed, resulting in a short to the bank, or “short sale”. The Getz It Sold Team has a “Short Sale Department” consisting of cash buyers and experienced loss mitigation negotiators. Our team has successfully closed numerous short sale transactions saving many families from foreclosure. If you, or anyone you know, owe more on your home than it is worth and need or want to sell, contact us right away to see if a short sale may be right for you. (661)313-3256