What is a short sale of a home?

Answer Short sales are one way a borrower can avoid foreclosure on a home. Short sales may be a good choice for borrowers who owe more on their mortgage than the property is worth, and they have been unab... Read More »

Top Q&A For: What is a short sale of a home

What is a home short sale?

Short sales allow a borrower to keep a property from going into foreclosure. Short sales may be an option for borrowers who owe more to their lender than the property is worth, especially if they h... 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 is a short sale home?

A short sale is a real estate transaction that involves the lender agreeing to take less than they are owed to clear up the debt on a home. The loss in the value of a home can put the homeowner in ... Read More »

How to Short Sale a Home?

Do you owe more on your home than it is worth? Can you no longer afford to make the mortgage payment? A short sale may be the answer for your situation.