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#shortsale #foreclosure #realestate We have not seen a ton of short sales over the last 4 years but in 2007-2011 they were everywhere! I closed so many loans on houses that were being short sold that I saw the good, the bad and the ugly. In this video I cover what a short sale is and why someone may do a short sale. It is important that if this is something you are considering you speak with a Realtor, Tax advisory and potentially a lawyer. This is not something to enter into lightly. If anyone tells you otherwise it is a red flag. If you are thinking of buying a short sale check out part two to this video. Thanks for watching and I hope this has been helpful! Best, Jen Jennifer Beeston NMLS ID:247743; AR - Licensed, CA - CA-DOC247743 - 413 0699, IA - 33839 , IL - 031.0054184, IN - 41478 , KS - LO.0039219, LA - Licensed, ND - NDMLO247743, NY - Licensed, TX - Licensed, WA - MLO-247743 - CL-2611, WI - 247743, WY - 8203 GR NMLS ID #2611 www.nmlsconsumeraccess.org Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.