What is a Short Sale?

A sale of a house in which the proceeds fall short of what the owner still owes on the mortgage.   Many lenders will agree to accept the proceeds of a short sale and forgive the rest of what is owed on the mortgage when the owner cannot make the mortgage payments. By accepting a short sale, the lender can avoid a lengthy and costly foreclosure, and the owner is able to pay off the loan for less than what he owes.

Mariner Real Estate, Inc. has helped many sellers and buyers with short sale transactions. Mariner Realtors® are your local experts. Call us today.

Please view these beautiful short sales below...

2406 N MAIN ST #C, North Salinas 93906 (North Salinas) $70,000 Beds: 2 bed(s) Baths: 2|0 bath(s) DOM: 242   MLS: 80920294  Property Overview Condominium (Class 2) Beds, Baths: 2, 2|0 SqFt: 932 Yr Built / Age: 1980 / 29 years Assoc. Fee: $377 Pricing/Dates List Price: $70,000 Sale Price: Sale Date: COE Date: OffMktDate: This is a great downstairs unit with fireplace and formal dinning area. This home has private fenced backyard. Listed By Cliff M. Mortensen Jr, Mariner Real Estate Inc. 1506 BROADWAY AV, Seaside/Former Fort Ord/Sand City 93955 (Seaside/Former Fort Ord/Sand City) $247,000 Beds: 3 bed(s) Baths: 2|0 bath(s) DOM: 79   MLS: 80944626  Property Overview Detached Single Family (Class 1) Beds, Baths: 3, 2|0 SqFt: 1,232 Yr Built / Age: 1963 / 46 years Assoc Fee: Lot: 5,600 sq ft Pricing/Dates List Price: $247,000 Sale Price: Sale Date: 12/03/2009 COE Date: 06/08/2010 OffMktDate: SEASIDE HOME ON A CORNER LOT! 3 bedrooms, 2 baths. Listed By Renee C. Venegas, Mariner Real Estate Inc. 1681 ATHERTON WY, Salinas 93906 (North Salinas) $197,500 Beds: 3 bed(s) Baths: 2|0 bath(s) DOM: 18   MLS: 80948833  Property Overview Detached Single Family (Class 1) Beds, Baths: 3, 2|0 SqFt: 1,308 Yr Built / Age: 1972 / 37 years Assoc Fee: Lot: 6,000 sq ft Pricing/Dates List Price: $197,500 Sale Price: Sale Date: 10/28/2009 COE Date: 05/28/2010 OffMktDate: Pride of Ownership! Listed By Renee C. Venegas, Mariner Real Estate Inc. 27537 CROWNE POINT LN, Salinas Monterey Highway 93908 (Salinas Monterey Highway) $750,000 Beds: 5 bed(s) Baths: 4|0 bath(s) DOM: 2   MLS: 80946263  Property Overview Detached Single Family (Class 1) Beds, Baths: 5, 4|0 SqFt: 4,307 Yr Built / Age: 2003 / 6 years Assoc Fee: $165 Lot: 87,120 sq ft Pricing/Dates List Price: $750,000 Sale Price: Sale Date: 09/28/2009 COE Date: 01/30/2010 OffMktDate: This is one of the most popular Crowne Point models, a very spacious estate home on a 2 acre lot. This is the exclusive Crowne Point location of Las Palmas. It is behind two security gates with spectacular valley and city lights views. Listed By Cliff M. Mortensen Jr, Mariner Real Estate Inc. Presented by Cliff M. Mortensen Jr, Mariner Real Estate Inc., 831-455-6480, cliff@marinerrealestate.com ** Information contained on this report is designed for accuracy but is not guaranteed ** 890 W 2ND ST, Hollister 95023 (Hollister) $75,000 Beds: 2 bed(s) Baths: 1|0 bath(s) DOM: 118   MLS: 80913651  Property Overview Detached Single Family (Class 1) Beds, Baths: 2, 1|0 SqFt: 600 Yr Built / Age: 1910 / 99 years Assoc Fee: Lot: 3,000 sq ft Pricing/Dates List Price: $75,000 Sale Price: Sale Date: 07/13/2009 COE Date: 12/31/2009 OffMktDate: 09/18/2009 Nice Starter Home or Investment Property in move-in condition. Listed By Renee C. Venegas, Mariner Real Estate Inc. 9904 TIMOTHY PH, North Monterey County 93907 (North Monterey County) $390,000 Beds: 3 bed(s) Baths: 2|1 bath(s) DOM: 21   MLS: 80907301  Property Overview Detached Single Family (Class 1) Beds, Baths: 3, 2|1 SqFt: 3,059 Yr Built / Age: 1979 / 30 years Assoc Fee: $55 Lot: 11,300 sq ft Pricing/Dates List Price: $390,000 Sale Price: Sale Date: 03/04/2009 COE Date: 12/30/2009 OffMktDate: Rarely does an over 3,000sf home become available in Oak Hills, especially at this price! This custom home with courtyard sits on a large corner lot in the desirable Oak Hills development. This beautiful home has a huge bonus/game room with bar and extra large bathrooms. Listed By Cliff M. Mortensen Jr, Mariner Real Estate Inc. Presented by Cliff M. Mortensen Jr, Mariner Real Estate Inc., 831-455-6480, cliff@marinerrealestate.com ** Information contained on this report is designed for accuracy but is not guaranteed **