"Short Sales" are a hot topic right now, as homeowners, homebuyers, real estate professionals and lenders simply can't avoid them in today's real estate market. Existing homeowners are calling their lender to see if a short sale is the right "exit-strategy" for them, with little money left to make the mortgage payments. On the flipside, homebuyers are calling lenders daily to find out what financing options are available to purchase one. Lets start with a good definition of a short sale, as people often mix the concept up with a foreclosure, REO, etc... Short Sale: The sale of … (4 comments)
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