What is a Short Sale? Short sales, foreclosures and REOs in the South Bay

What is a short sale and how does it work?Find information on foreclosures and short sales in the South Bay. Buying a bank owned home or REO details. Although still not a major factor in South Bay real estate, foreclosures and short sales are on the rise and are a potential way of finding discounted properties and homes for sale. Our free real estate services feature all South Bay cities and neighborhoods including Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, El Segundo, Hollywood Riviera, Hawthorne, Hollyglen, and Palos Verdes.

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Keith Kyle
Realtor®
South Bay Brokers
2501 N Sepulveda Blvd
Manhattan Beach
CA 90266
310-251-2344

		Keith Kyle - South Bay Brokers 2501 N. Sepulveda Blvd. Manhattan Beach, CA 90266 310-251-2344 Keith.Kyle@SouthBayBrokers.com

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What is a Short Sale?

A Short Sale is the sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Another way to say it is that the property is worth less than what it will cost to sell (paying off all existing liens and closing costs). This is commonly referred to being “upside down.” In order for a short sale to close, the lender must agree to accept less than the outstanding loan balance as full payment.

View Short Sale, Foreclosure, and Bank Owned Properties.

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