foreclosure: Short Sales on the Rise - Higher Return for Banks - Lengthy! What's Short About That?
- 08/30/11 04:47 PM
Short Sales in the real estate world are up in many states and banks consistently maintain higher returns. If both have increased, what's "Short" about that in a Sale? Oh, and how about timing; how "short" is a Short Sale anyway? SHORT SALE DEFINITIONA bank allowing a home owner to pay them less money than what is owed on the mortgages combined. (i.e. Home owner owes $300,000 and the bank allows a pay-off of $200,000. That is a sale short of $100,000) MORE SHORT SALESAccording to USA Today, there are more Short Sales happening now in some states than in previous … (4 comments)
Short Sales in the real estate world are up in many states and banks consistently maintain higher returns. If both have increased, what's "Short" about that in a Sale? Oh, and how about timing; how "short" is a Short Sale anyway?
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