Numerous short sales hit local real estate market (Moorpark Acorn)

4 September 2008, 7:06 pm

As of Wednesday, 50 Moorpark homeowners were attempting to sell their homes at a loss, according to a local real estate Multiple Listing Service. A short sale occurs when outstanding obligations against a property are greater than what the property can be sold for. If negotiations with the lender succeed, a settlement can be reached to prevent foreclosure.... read more

More Topics from "Extra"

• Datebook (Moorpark Acorn)
• Get an insurance tune-up (Moorpark Acorn)
• The Acorn's 2008 Marmonte League Preview (Moorpark Acorn)
• Memorial service Friday for Santa Ana College firefighter (Orange County Register)
• News and Features for Lake Isabella, California (Kern Valley Sun)