real estate: So, What is a Short Sale, Anyway?
- 05/29/08 12:06 PM
So, what is a Short Sale, anyway? This is a question I am frequently asked in today's real estate market, and I have to remind myself that most people truly don't know what it is, unless of course they are active in the market themselves. I am writing a general overview of what is known as a "short pay" or "short sale" to shed a little light on the subject. So, exactly what is it? Simply put, it is a process where a mortgage lienholder or lienholder(s) will agree to accept less than what is owed on the mortgage debt and … (1 comments)
So, what is a Short Sale, anyway?;)
;)
