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A Short Sale is when the homeowner owes more on their mortgage more than what the property is currently able to sell for in today’s Real Estate market place.
A short sale is when a home is sold for less than is owed on the mortgage loan used to purchase it. It usually comes about when a homeowner undergoing financial hardship falls behind on his.
What does Short Sale Mean.? Asked by Deborah Mcnutt, 33825 Sun Sep 30, 2007. There is a home for sale and I have been unable to find out any information on the inter net and the for sale sign has a Short Sale sign on the bottom.
In recent years, even sellers who are not delinquent might qualify for a short sale, which has opened many more short sale doors. Short sales tend to provide a dignified closure process for sellers. When lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due.
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A short sale is a very complicated real estate transaction and one that has very important implications for you. More than any other type of residential real estate transaction, a short sale should be handled only by a real estate broker who has substantial experience with the short sale process , and a strong track-record of success in.
You must be underwater on your mortgage in order to qualify for a short sale, which means that you have negative equity. This can happen for a variety of reasons: A real estate market downturn lowered your home’s value below the amount you borrowed to purchase it
In real estate a short sale is a situation where a home owner is selling a home for less money than what is still owed on the mortgage. Often such sales need approval from the bank before than can.
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A short sale is the sale of an asset or stock the seller does not own. It is generally a transaction in which an investor sells borrowed securities in anticipation of a price decline; the seller is then required to return an equal number of shares at some point in the future. Contrastingly, a seller owns the security or stock in a long position.
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