Blog > What Is a Short Sale, and When Does It Occur?

What Is a Short Sale, and When Does It Occur?

by Gordon Hageman

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A short sale happens when a home sells for less than the remaining mortgage balance with lender approval. It’s often pursued when homeowners face financial hardship and cannot refinance or sell at full value. While a short sale avoids foreclosure, it’s complex and requires lender negotiation. Sellers need expert guidance to navigate documentation, timelines, and potential tax implications.

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Gordon Hageman

Gordon Hageman

+1(480) 498-3334

CEO/Associate Broker

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