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 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 »

What does short sale approved mean?

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 »