Simply stated; a short sale is a sale where the property is sold for less than its mortgage. I can be complicated, but it doesn't have to be and there are a myriad of programs available to be looked at. If you are thinking of selling short, or buying a listed short sale, be sure you are working with an experianced agent. Good luck!
Ken Dorfman, Broker
Kenneth B Dorfman Real Estate
DRE # 675912
E-Mail, Ken @TheRealEstateOffice.Biz
Short Sales, REO's