Potential Short Sales

Although handled as distressed properties, the Potential Short Sales definition has nothing to do with Maui Foreclosures. A Potential Short Sale is actually to prevent a Maui Foreclosure, when a homeowner or a third party is able to negotiate a discounted payoff amount due to the mortgage company at closing. The now successful Maui Short Sale will fall short of a certain balance previously owed on the property.

Though every case is different, we learned that Potential Short Sale offers to the lien holder should be realistic to find consideration. The lien holder will initiate an appraisal and base acceptance or rejection on this appraisal. Rejected offers may not receive counter offers.

Potential Short Sales always require patience! Statistics show that most short sales will end up as Foreclosure Sales during any given crisis in US history. For more information, please go to Wikipedia's Short Sale Definition or contact me directly.