California Association of Realtors Releases New Short Sale Website for Consumers

A short sale is a sales transaction for which a seller’s mortgage lender voluntarily agrees to accept a loan payoff of less money than what is owed on the mortgage loan.  In a short sale, the property may or may not be in foreclosure.  However, homeowners may consider short sales as a viable option for avoiding foreclosure.

http://www.shortsalescalifornia.org/consumers/