What is a short sale? "A short sale is a sales transaction in which the seller's mortgage lender agrees to accept a payoff of less than the balance due on the loan," according to the California Association of REALTORS®. "A short sale may or may not involve a property in foreclosure." This page offers information about the basics of short sales and advice for the real estate professional.
Short Sale Advantages Short sales appear on your credit report as "pre-foreclosure in redemption", not as "debt discharged due to foreclosure"Less impact on your credit scoreAll mortgage debt is … (0 comments)
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