In the last five years the borrowers have been falling behind in their mortgage payments and this has been the highest climb in the 4 to 6 years the number of approved “Short Sales” has climed 130 from 40 a little more than a year ago, according to the multiple-listing service.

In this process their is no equity in the home and the lender pays for all the fees involved including the Realtors , back taxes and some leins on the property. In some cases the lenders will forgive the entire second and almost half of the first.

When mortgage deliquencies were low the banks were not very respondant to Short Sales but as we see more and more banks closing their doors almost on a weekly basis they have no choice but to look at them.

For more information about this or any of my blogs please contact me at

Pearl Ahlquist the “Realty Doctor”

916-708-3851