Question

 What does the term short sale mean?

Answer A short sale is a term used in real estate. It is a sales transaction in which the seller's mortgage company accepts less than what is due on the balance of a loan.Source:Realtor.org
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Top Q&A For: What does the term short sale mean

What does the term short sale mean in real estate?

A short sale in real estate is when the seller sells the home for less than the balance owed on the mortgage debt. The lender must agree to the short sale in order for the deal to close.Source:Home... Read More »
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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 »
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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 »
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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 »
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