Short Sales and Foreclosures

Almost 1 million* new foreclosures have been filed in 2009. New foreclosures are happening daily in homes across the country and right here in Oklahoma. Call today for help if you think you might have a problem making a house payment or have already been contacted by your lender about late payments.

Simple definitions:

Short sales – the seller is late on their payments and can’t afford the payments because of job loss, health problems, or other reasons

Pre foreclosure – the bank has called the seller because the seller has been late on the payments and they are threatening to foreclose on your home

*Center for Responsible Lending

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