What does subject to short sale mean?

Answer 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 »

Top Q&A For: What does subject to short sale mean

What does short sale--subject to lender mean?

If you are shopping for a home and you find one labeled short sale--subject to lender approval, it means the home is being sold under a short sale. A short sale is performed when the seller attempt... Read More »

What happens to a judgement balance in a real estate short sale in New York state. If there is no equity in the sale will the judgement be released?

In any state, Judgements are usually filed with a court. In order for the Judgement to be released, someone -- preferably the party that filed the Judgement -- must be satisfied before the Judgemen... 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 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 »