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Bookmark or Share- What Is a Short Sale? The Long and Short Of It - realtor.comWhat is a short sale? Simply put, you're selling your home for less than you owe on your mortgage. Here's what home sellers and buyers need to know.
- What Is A Short Sale? | BankrateA short sale is when a mortgage lender agrees to let a homeowner sell their home for less than what they owe on the mortgage. Short sales often take place when a homeowner owes more than the...
- What Is a Short Sale on a House? Process, Alternatives ... - InvestopediaWhat Is a Short Sale? A short sale in real estate is an offer of a property at an asking price that is less than the amount due on the current owner's mortgage. A short sale is usually a sign...
- How to Buy a Short Sale Home - RedfinIn order for a short sale to proceed, the lender must consent to the process and agree to accept less than the outstanding balance for the mortgage. Although this means the lender will lose money, they may sanction a short sale rather than go through the high costs and hassles involved with foreclosing on the property.
- What Is a Short Sale? - NerdWalletA short sale in real estate is the sale of a home at a lower price than what’s owed on the mortgage. The transaction requires the lender's approval and is a last resort to avoid foreclosure...
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