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If you get a chance to catch tonight’s 6 p.m. news from our media partners at NBC 7/39, stay tuned for an edition of San Diego Explained that will focus on short sales.
Short sales happen when a bank approves the homeowners’ request to sell a house for less than is owed on the mortgage, and forgives the rest of the debt.
Here’s my recent primer on their perks and pitfalls.
And a familiar face in Survival, San Diego State University real estate professor and investor Leonard Baron has some tips for avoiding a nasty surprise if you’re trying to buy a short sale. Leonard and I chatted through many of these tips and came up with this collection.
We’ll post the clip from NBC soon. In the meantime, tune in if you can.
— KELLY BENNETT