Biltmore Title understands short sales and works with sellers and realtors to obtain approvals from the lenders.
For home owners who can no longer afford to keep mortgage payments current, and for whom the loan is greater than the value of the property, there is an alternative to bankruptcy or foreclosure proceedings. Lenders can under certain circumstances accept a short sale. A short sale is when a lender allows the sale of the property for less than the loan amount.