short sales: Short Sale: The Most Ironic Real Estate Term Ever
- 08/11/10 01:21 PM
Short Sale: The Most Ironic Real Estate Term Ever A few years ago, you would see "SHORT SALE!!!!!" included in listing descriptions, enticing people to look at the home, ensuring them that they were getting a great deal. Today, since there are so many short sales on the market, will you rarely see it proclaimed in the description. Usually, the information will just be silently listed in the "Terms" section. Why the switch in stigma, and more importantly, what exactly is a short sale?A short sale occurs when homeowners sell their home for less than they owe on their mortgage. The lender then … (2 comments)
The aim of this blog is to provide you with a pulse on current real estate market conditions in Madison, WI and to provide insight to those of you who are buying or selling your home. We will cover everything from marketing to government lending regulations. Please check back weekly to read new posts and see articles from guest bloggers!
Short Sale: The Most Ironic Real Estate Term Ever A few years ago, you would see "SHORT SALE!!!!!" included in listing descriptions, enticing people to look at the home, ensuring them that they were getting a great deal. Today, since there are so many short sales on the market, will you rarely see it proclaimed in the description. Usually, the information will just be silently listed in the "Terms" section. Why the switch in stigma, and more importantly, what exactly is a short sale?A short sale occurs when homeowners sell their home for less than they owe on their mortgage. The lender then … (2 comments)
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