Times have definitely changed and continually bring new challenges and opportunities in today's real estate market.  Until recently, the term "Foreclosure' was something that happened infrequently.  Today, however, nearly half of the properties in the market for sale are either a foreclosure or short sale.

These terms are constantly in the news and are part of nearly every search by buyers for property.

A very short and over simplified definition of these terms is as follows:

SHORT SALE - the seller owes the bank more than he can possibly get by selling.  An approved Short Sale allows you to sell your property for less than you owe the lender. An excellent alternative to a foreclosure.

FORECLOSED PROPERTY  - REO -  is the term applied to properties that are now owned by the bank.

If you are facing one of these situations there MAY BE HELP available to you.  Call one of the best: Short Sale / Loan Modification / Foreclosure specialist - Jim Piskorowski.  He will explain your options and perhaps help you save your property.

Contact Information:

Email:     jjmp@rresinc.net

Web:      http://rresinc.net

Phone:    954-630-3560

Fax:       954-630-3561

Address: "REAL" Real Estate Solutions, Inc.

             3020 N. Federal Hwy. - Suite 201

             Fort Lauderdale, FL  33306