SHORT SALES are properties where the Seller is still the owner, though they are likely upside down in the property. This means that they owe the bank more than the current market value of the property. They have therefore entered into an agreement with their lender to "Short Sell" the property...the sale price will be short of the amount owed. Short Sales are tedious and can be very lengthy, sometimes taking months to achieve. But you can get a property at an excellent price, if you are patient! This search is set for La Quinta, but you can "Revise Property Search" (upper left just below the black bar) to find properties in neighboring cities throughout the Coachella Valley.
