A short sale is where a home is sold for less that the loan amount and the bank takes the short amount as payment in full. Short sales are a tactic that a seller can use to avoid foreclosure. A short sale can also be a great deal for home buyers, as long as they know what to expect. You can get a bargain Time is usually short (pun intended) for sellers in a short sale situation. With … [Read more...]
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What Is A Short Sale
Simply put, a short sale is a real estate transaction where the loan balance is higher than the sell price and the bank agrees to take the "short" amount as payment in full. The short sale can a be like a breath of fresh air for someone facing foreclosure. A short sale can be an extremely effective strategy to help homeowners who are headed to foreclosure. If done properly, the result is … [Read more...]
Filed Under: Buying a Home, Selling a Home Tagged With: foreclosure, short sale
