Why are they Called Short Sales when they are Long Sales?
“Why do they call them Short Sales?” This is the #1 question I get all the time from my sellers, my buyers, and callers. Well, there is a very simple explanation to this question. The type of sale is called a “short sale” because the bank is referring to the loan amount being short at close of escrow. The “short” is not a reference of time but instead the payment of the loan in full. Therefore, the lender … (4 comments)
Why do they call them Short Sales when they are long sales? This is the #1 question I get all the time from my sellers, my buyers, and callers. Well, there is a very simple explanation to this question. The type of sale is called a “short sale” because the bank is referring to the loan amount being short at close of escrow. The “short” is not a reference of time but instead the … (10 comments)
I am a Southern California Realtor and have a wide variety of interests. First of all Real Estate is my real love and focus point but I do have Hobbies. I am interested in Photography; Nature, Landscaping, Lunar and Solar Phases, but Birds are my favorites. I also enjoy scrapbooking, blogging, and traveling; beaches, deserts, and mountains. I am also involved in the community organizations and charities. I care about the Inland Empire and making it a better place to live.
I write this daily blog composed of nature, real estate news and interesting stories in Southern Califoria and other places across the United States.
Why are they called Short Sales when they are Long Sales?
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