A Short Sale (also known as Short Pay) is a sale of real estate in which the proceeds from the sale of the property will fall short of the balance of debts secured by liens against the property. The lien holder agrees to release their lien on the property and accept less than the full amount owed on the debt because the property owner cannot afford to repay the liens’ full amount.
A Short Sale is often used as an alternative to foreclosure because it mitigates additional fees and costs to both the creditor and borrower.
As Short Sales are time sensitive and demanding, our staff consists of experienced Short Sale escrow officers who guide you through the process and enable banks and homeowners to feel confident that the escrow will close on schedule.
Based in Chino CA, Inland Empire Escrow offers the lowest escrow fees in the industry for residential and commercial clients. We are considered by many to be at the top of the best escrow companies in Rancho Cucamonga, Upland, Riverside, San Bernardino and all surrounding areas. We provide specialized service for mobile home, short sale, REO, Bulk / Business Sale, 1031 Exchange, and Agricultural escrow.
Get in touch with us today, so we can start providing you with excellent service!