The Hughes Team

Colorado Springs Real Estate by Hughes


Short Sale vs Foreclosure

We are often asked what defines a distressed property.  A property is considered to be distressed when a homeowner is behind in mortgage payments or tax payments.  It could also be a property that is a short sale, bank owned property, or a foreclosure.

These links explain some of the benefits and pitfalls of Short Sales and Foreclosures:

 Click here for detailed short sale information

Click here for detailed foreclosure information



http://www.realestatebyhughes.com/00B796
Posted on February 28, 2011 20:03:51 by The Hughes Team
Posted in Buyer's Information, Seller's Information

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