What are Short Sales?

With today's economic climate and homeowners struggling to make ends meet, many homeowners find themselves upside down in their properties, owing a mortgaged amount that is higher than the property's current market value. It is a hard decision, but many are choosing to walk away from their loan obligations and are attempting to sell their properties as a "short sale". What is a "short sale"? Read more: http://www.mauiseasidehomes.com/PageManager/Default.aspx/PageID=2116612&NF=1