From reality shows about flipping homes to infomercials that promise you’ll get rich quick, the message is the same: Buying a home that is facing foreclosure (also know as a "short sale") is a sure way to financial security. However, considering all the hype surrounding short sales, it’s important to separate the facts from the fairy tales. There are some important points to consider before you waste alot of time chasing after these deals. What Exactly is a "Short Sale"? It’s when the bank agrees to accept a discounted payoff when a property sells for less than what is owed on it. Here’s how a home usually ends up in this category: When a homeowner stops making the mortgage payment, he eventually receives a notice of default from the bank that threatens foreclosure proceedings if the de... 05/23/2008

SALE PENDING  You MUST SEE INSIDE this Wonderful Home!274 Pabst Lane, Santa Maria/Orcutt, CA 93455NEW PRICE $589,900  BROCHUREVIRTUAL TOURPROPERTY DETAILS  Patti Emmerling, Broker800-689-2456 Licensed Real Estate BrokerCalifornia and TexasVISIT MY WEBSITE  This truly is a fantastic home in a private location. Feels like you are in the country, yet all the city amenities are nearby. Sellers are MOTIVATED; bring all offers. If you are not a member of the local MLS (Central Coast Regional Mulitple Listing Service) and would like to preview or show this home to your buyers, please give me a call anytime.  800-689-2456     10/16/2007