What is a short sale?
A short sale, also called short pay, is a regular sale transaction, other then that the lender agrees to receive a lower amount of a owned debt in exchanged for the sale of the property to a third party. Short sale is usually at no cost to the borrower and may help you prevent the downgrading of your credit score or providing you a fresh start.
Many lenders will agree to accept the proceeds of a short sale and forgive the rest of 
what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off the loan for less than what he owes.
Half of our Listings in the area over the past few months are short sales.
That’s how prominent short sales have become. If you want more information on Short Sales in Milwaukee, Waukesha, Washington 
or Ozaukee counties just call The Kuchta’s Kelly & Colleen at 414-651-1613 or 262-894-6512 if you prefer, email us with your questions kkuchta@shorewest.com. We are happy to help and the best thing is, our services are at no cost to you because the bank pays for the Commission!
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Kelly Kuchta
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