I get asked this question a lot so I thougfht it would be a good blog post! A "short sale" occurs when the value of the property being sold is less than the total of the outstanding liens against the property, and the lender agrees to accept a "short" payment on the outstanding mortgage. The lender's agreement is required before such a sale can
close.
Rainer
11,582
11,582
Tom Pulsifer
Associate Broker
Recent Posts
ActiveRain Community
over 3 years ago
This blog is being offered to keep buyers and sellers interested in buying or selling property in the North Georgia Mountains informed of what is happening in Habersham County and the cities of Clarkesville, Cornelia, Demorest, Alto and Mt Airy as well as White County and the cities of Cleveland, Helen and Sautee Nacoochee.
Comments(0)