What does short sale approved mean?

Answer A short sale occurs when a home sells for less than the amount owed to a lender. An approved short sale indicates that the lender has agreed to accept the reduced price.DrawbacksShort sales are muc... Read More »

Top Q&A For: What does short sale approved mean

What does short sale mean?

Short sales are designed to help a borrower avoid foreclosure on a home. Short sales are one choice borrowers should consider if they owe more on their mortgage than the property is worth and they ... Read More »

What does a short sale mean?

Short sale is a term used in real estate when a mortgage lender agrees to sell a house at a discount of the original mortgage price. The borrowing homeowner avoids foreclosure and all money from th... Read More »

What does a short sale of a home mean?

A short sale is when a seller sells his house for less than the debt owed on it. The lender on the mortgage accepts a less than full payoff on the loan in exchange for removing the debt from its bo... Read More »

What does subject to short sale mean?

When a home is advertised as "subject to short sale," it means that the current homeowner is trying to sell the home at a lower price than the amount he currently owes on the home. Approval by the ... Read More »