In real estate what does the term short sale mean – answers.com – 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.
Short Sale FAQs: Understanding the Short Sale Process. – 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.
Foreclosures & Short Sales | Drew's Home Team – SHORT SALE. noun. When a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the.
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Short Sale. Definition: A short sale is a real estate transaction through which a property is sold for less than what is owed on the mortgage and other debts secured by liens against the property. Homeowners will need their lender’s approval in order to sell their home in a short sale. Read more about short sales here.
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What is a Short Sale? – Definition | Meaning | Example – Definition: A short sale typically has two meanings.In real estate, it means selling a house for less than the outstanding mortgage. In investing, a short sale is a strategy in which an investor takes a short position in borrowed shares, expecting the market price to decline before maturity to realize a profit.
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Definition of Short Sale. A short sale is the sale of a home for less than the homeowner owes on the mortgage. A homeowner who is unable to keep up with the mortgage payments may try to sell a home in a short sale to avoid going into foreclosure. Short sales can be challenging for both buyers and sellers because there’s often more than one mortgage.
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What Is the Difference Between a Short Sale and. – · Short sale and foreclosure are two financial options for a homeowner in financial distress, but each option has a different process and will have different financial consequences. A short sale occurs when a homeowner’s lender allows the homeowner to sell the house for less than the amount owed on the mortgage.