A short sale needs to be completed before a foreclosure sale or trustee sale is executed. In California, a trustee sale normally takes place at a public auction. If there is no successful bidder, the property reverts back to the lender and is now what is called “bank owned” or an REO.

If you need help with a short sale or finding the most appropriate option for you, call us. We can help.

CALL TOLL-FREE 1-800-474-0341.