What Is a Home Short Sale?

Answer

A home short sale is the sale of a housing property by a lender for the purpose of repaying a debt. In this situation, the lender agrees to accept the lesser proceeds as the borrower cannot pay the full amount. It is important to note that making a short sale to pay off part of a debt does not always mean that the borrower isn't liable for the remaining debt.
Q&A Related to "What Is a Home Short Sale"
A short sale on a home is when the home is sold for less than what the owner owes on the property. The bank that the owner owes the money to must approve the short sale before it
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1 Determine if you will qualify for a Short Sale based upon your Lenders guidelines . A Realtor, Attorney, or your Lender can help you with this by answering a few questions. Is there
http://www.wikihow.com/Short-Sale-a-Home
1. The most important piece of advice I can give you right off the bat is to hire a real estate agent that has short sale experience. I used to be a real estate investor, and I thought
http://www.ehow.com/how_4444466_purchase-short-sal...
A short sale is where the lender agrees to allow the mortgagor to sell the property for less than what they owe on the loan (because the value of the property is less than the loan
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Explore this Topic
A short sale is when a home is in the process of being foreclosed. The mortgage company has agreed that the homeowner can pay less than owed in order to avoid ...
1. Determine exactly how much remains to be paid on your mortgage. Your lender should provide this information to you when asked, and may include the remaining ...
1. Determine exactly how much remains to be paid on your mortgage. Your lender should provide this information to you when asked, and may include the remaining ...
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