If you are currently facing a foreclosure on your property a short sale is a possible alternative. A short sale is the act of a lender approving a property sale for an amount that is less than what is owed on the mortgage. The reason why it is called a short sale is the lender is going to end up “short” on the deal. The lender will also then be responsible for paying the closing costs real estate commissions.Understanding a Barrie Short Sale Read the rest of this entry