Short Sale

I have a listing @ 3112 San Bruno Avenue that's a short sale. That's a sale in which the value of the property is less than the amount of the mortgages the owner owes. The owner can no longer afford to pay the mortgage, so we find a buyer willing to pay the current market value and ususaly the mortgage holder will accept a sale in which they receive less than what they are owed. Buy the lender prefers to get less than what they are owed than have to foreclose and take the home back and re sell the home at a later date.

For information on the property please check my website: www.DavidKleinSF.com