Short Sale Escrow's    

Definition: The act of selling and buying a property that is over encumbered.

Short Sale Escrow's often fall under the umbrella of “R.E.O.’S”. A short sale is an escrow where the owner has over encumbered their property and the property is no longer worth the value in once was. At times, this will force many foreclosures and the owners will just walk away from their home. Other times, the owners will place the property on the market and sell it for whatever they can with the proceeds being sent to the financial institution as payoff.

There are several challenges with short sale Escrow's. 

Here at Home Escrow our staff is very experienced in working with the sellers, buyers, real estate brokers/agents and financial institutions to ensure that the escrow closes in a timely manner. We can help with the pre-approval process. Contact your escrow officer and they can assist you in every aspect of the closing.