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A short sale is an agreement between a lender and a homeowner to accept a settlement of his account for less than what he owes, pending a successful sale to a new borrower on his property. Short sales are governed by a different set of rules in comparison to other real estate transactions and require special paperwork due to the... more »
A short sale of a house is when the house is sold for less than what is owed on the mortgage. For this to happen, the lender has to agree to accept less money than what is owed. Not all lenders will agree to this. Some might be more inclined to agree if you are late on your payments, although part of that agreement might mean they tap... more »
You may want to consider purchasing a house that is about to be foreclosed on by a bank, known as a short sale, when you are in the market for a new home. The owners still maintain possession, but the bank is in the process of foreclosure proceedings. During this phase, the house may still have working appliances, running water and... more »
A short sale is a real estate transaction where your mortgage company accepts the sale of your home for less than you owe. Compared to a foreclosure, they can save the lender thousands of dollars and do not affect your credit as much. more »
Short sales are lender-approved sales where the mortgage company agrees to let the mortgage holder settle the account for less than the principal balance. These sales can be more complicated and take longer than a regular sale. If you are selling your house this way, use a real estate agent with experience and knowledge in short sales. more »
If your lender will accept a short sale of your house, you could avoid the black mark of...
For many people, being able to buy a home is the ultimate luxury. However, getting to that point...
One out of every 200 homes will be foreclosed upon. Perhaps even more sobering: Some 60 percent...
Whether you're trying to start a business or finance a home, a loan is usually the first step in...
Real estate investing is a booming industry. Quick flips, rentals and buy and hold deals occur each and every day. Short sales are one way in... more »
In real estate, a short sale occurs when a bank agrees to take less money for a property than the amount owed on the mortgage. This usually occurs... more »
If you're facing the threat of a foreclosure that could wreck your credit score and leave you with no place to live, a short sale can be a good... more »
If you're in the market to buy a home, you've probably noticed some that are listed as short sales. When a homeowner is having trouble making... more »
Short-sale homes are homes that in danger of being foreclosed on, and are also known as a distressed properties. These homeowners have dealt with... more »
A short sale can refer to various kinds of transactions:
*Short (finance) - the seller does not own a security that he or she sells
*Short sale (real estate) - the lender allows a property to be sold for less than the amount owed on a mortgage and takes a loss
read more at » http://en.wikipedia.org/wiki/Short+sale
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