My perspective on Hilton Head Island short sale listings
In today’s blog I would like to share a little of my Realtor knowledge and define Short Sales and discuss them a little bit to help you understand them better. A Short Sale is a real estate transaction where the seller’s proceeds are not enough to cover the mortgage, liens and closing costs. In addition, the seller does not have the necessary funds to cover these expenses themselves. This is an important difference in that sales close everyday where the seller has to come “out of pocket” to cover these costs and these sales do not fall under the definition of Short Sale. For more info on short sales and some of the available Hilton Head Island MLS check out my real estate website. RandysRealEstate.com
