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FISBO’s or For Sale By Owner properties have become a popular trend over the past few years, especially to the property owner who is on the verge of selling their property as a short sale. Due to the unfortunate imbalance in the real estate industry over the past several years, many homeowners are opting for FISBO’s as opposed to short sales. A short sale basically is a sale in which the bank or the mortgagor is willing to discount the loan balance due to the misfortunate economic hardship of the borrower.

To many, the pros of going FISBO seem to be the perfect out when selling real estate. Sellers can literally put money in their pocket by listing the property themselves which weeds out having to pay a commission to a Realtor. FISBO’s make it…

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