short sale timing: Short Sale 101 - What Is a Short Sale? - 11/20/16 11:37 AM
What Is a Short Sale?
First, it is important to remember that a short sale is not a short process!  
Essentially, a short sale occurs when a seller sells a property for less than is owed to the mortgage company and the lender agrees to accept a payoff that is less than the balance of the loan. It is the market value of the property that determines the sale price and whether the sale will result in less money than is needed to pay off the loan balance.
You can do a short sale even if the value of your home is … (4 comments)

 
Lise Howe, Assoc. Broker in DC, MD, VA and attorney in DC (Keller Williams Capital Properties)

Lise Howe

Assoc. Broker in DC, MD, VA and attorney in DC

Washington, DC

More about me…

Keller Williams Capital Properties

Address: 7161 Woodmont Ave, Bethesda, MD, 20815

Office: (240) 401-5577

Mobile: (240) 401-5577

As an full time and very active Realtor in the DC metro area, I love to write about the DC market, special communities within the market, and new listings, and to connect with other agents in ActiveRain on ways to improve our service to the public and our marketing abilities.


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