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A short sale occurs when the outstanding balance on a home loan is greater than the proceeds from the sale of the house. If a lender approves a short sale, it means the lender agrees to receive less than full repayment of the original loan. Realtor: Field Guide to Short Sales Housing Assist of America: What is a real estate short sale?Source:
by dashiellwood on June 10th, 2010
A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan.[1] It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower.
Source: http://en.wikipedia.org/wiki/Short_sale_%28real_estate%29
Do you have to take classes to obtain a real estate license?
by Answerbag Staff on March 3rd, 2011
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What is short sale approval?
by Answerbag Staff on March 2nd, 2011
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Can a short sale agent be related to the seller?
by Answerbag Staff on August 4th, 2010
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where and how to cheap lands purchase from near dhaka around 30 km. ?
by Mamun_A on May 5th, 2011
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I want to "Owner Fiance" my home. I owe debt. I get a 1098 from bank from original loan, how do I get my buyer a write off and not me?
by clarkbar on May 13th, 2011
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