Charlotterealestate

So there is much talk about short sales. Let's make sure we understand the term. For the lender/bank, it means the bank will accept a lesser amount to satisfy the existing mortgage on the home. For the homeowner, a short sale could be a way to avoid foreclosure or sale a home that has declined significantly in value. For the potential homebuyer, a short sale could be a good deal but make sure to do your homework.