forclosure: What is A Short Sale? David Williams, the Voice of Cary Real Estate Answers
- 12/10/09 12:48 PM
What is a Short Sale? A Short Sale occurs when a home seller is allowed by their lender to sell the home for less than what's owed on the mortgage. If you are a home seller you may be thinking COOL - I like that idea - not having to payback as much as I owe - well of course it's not that simple. Typically several things need to occur before your mortgage holder will consider a short sale: 1) You are delinquent on your house payments 2) You have no other assets or ability to cover what you owe 3) … (1 comments)
David Williams is a Trusted Adviser & Friendly Authority for Cary Home Buyers & Sellers. David is a native of Cary, North Carolina and is the Broker/Owner of CaryRealEstate.com .
What is a Short Sale? A Short Sale occurs when a home seller is allowed by their lender to sell the home for less than what's owed on the mortgage.
;)
;)
