short sale: What is a Short Sale? - 09/26/11 12:19 PM
It's been a few years since the market fell apart, but I still get this question at least weekly...
What is a short sale?
To put it simply, a short sale is an agreement of terms in which the lien-holders of a loan on a home agree to accept less than the amount that is owed from the borrower on the home, through an offer by a 3rd party buyer. The inability to pay the remaining debt is usually a result of financial hardship on the part of the homeowner, accompanied by a substantial decrease in property value. This is seen … (2 comments)

 

Adam Dalton

Realtor - Turlock Homes

Turlock, CA

More about me…

Century 21 M&M and Associates - Turlock Real Estate

Address: 1351 Geer Rd #103 Turlock, CA 95380, Oakdale, CA, 95361

Office: 2098(476) 111-4967

Mobile: (209) 480-6079

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