short sale: What is a short sale?
- 03/15/11 03:52 AM
With the re-blogging feature disconnected at this time, I hope it is ok to cut and paste. Kudos to Christine & Jennifer for this blog. I cannot agree more with them. There are many sellers out there that do think that short sale is a get out of mortgage free card! NOT! Thanks for the info! What is a short sale? In today's real estate market the term "short sale" is something that we are hearing more and more about. However, despite the increased frequency of this term, there is still often a lack of understanding amongst the public. As … (0 comments)
short sale: What is a Short Sale?
- 10/18/10 11:26 AM
When you are interested in a short sale listed home there are a few things a prospective buyer should know. A property listed as a short sale is a home owner that is (as we like to put it) upside down in their investment. I found many descriptions as follows: •· In finance, short selling (also known as shorting or going short) is the practice of selling assets, usually securities, that have been borrowed from a third party (usually a broker) with the intention of buying identical assets back at a later date to return to the lender. ...en.wikipedia.org/wiki/Short-sale •· … (0 comments)
With the re-blogging feature disconnected at this time, I hope it is ok to cut and paste. Kudos to Christine & Jennifer for this blog. I cannot agree more with them. There are many sellers out there that do think that short sale is a get out of mortgage free card! NOT! Thanks for the info!
;)
;)
