A short sale is when the home owner (seller) owes more on the houses mortgage(s) than what the house the house is going to sell for. Under these circumstances the sellers lender may approve the seller for a short sale where the lender covers the diffrence between what the property will sell for and what the loan is along with the closing costs the seller would normally incur. Sellers are cautioned to check with their local tax advisor as well as an attorney to councel the seller as to whether this is a good over all decision or not.
The 5 latest listings of Monterey Peninsula short sale homes for sale are below. For a full list of every short sale Home for sale on the Monterey Peninsula, you can build an advanced search or contact one of us and we can do it for you.
If you are interested in seeing a specific short sale homes for sale on the Monterey Peninsula, contact us.