The sale of a property for less than the outstanding amount of the existing mortgage. The bank that holds the mortgage must approve a short sale. From the bank's standpoint, approving a short sale may be preferable to foreclosing on a property if the borrower cannot keep up with mortgage payments.
Related information about real estate short sale:
- Short sale (real estate) - Wikipedia, the free encyclopedia
One of the most important aspects for the borrower in this process is putting together a proper real estate short sale package including hardship letter explaining ...
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You do not want to talk to the "real estate short sale" or "work out" department, you want the supervisor's name, the name of the individual capable of making a ...
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Any sale of real estate that generates proceeds that are less than the amount owed on the property. A real estate short sale occurs when the lender and ...
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Everything you ever needed to know about Real Estate Short Sales.
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Housing Market 2011 Forecast: The Frequent Buyer · Videos · My Next Move · What Works Now · Inside Look · About Us · Real Estate > Short Sale ...
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The real estate short sale is among one of the leading foreclosure techniques today. A short sale is nothing more than discounting a loan.
- Real Estate Short Sale Tips | Home Guides | SF Gate
A short sale can spare you from the foreclosure process if you can no longer afford your mortgage payments. In a short sale, you sell your real estate for less ...