Recently I’ve been reworking the foreclosure area of the web site and — as promised earlier — I’ve added a page of links where you can browse Sacramento Short Sale Listings. If you’re unfamiliar with Short Sales, what these are are sales where the sellers are “short” in the sense of not having enough cash to sell, pay closing costs, and pay off the lender(s) they owe. So what happens is that you have to get approval from the bank, a process which is fairly time consuming.

That said, there are some bargains to be had in short sales, but (as we recently showed for Antelope and we’ll examine further in a future article), on average the discounts are better on bank owned properties.

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