Short Sale

A short sale is when you sell a home for less than what the home owner owes on the mortgage. The mortgage lender agrees to forgive the difference and the home owner gets a chance to sell a home that he may no longer be able to afford. Short sales have become more common since the financial crisis of 2008.

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Short Sale vs Foreclosure: Which One Can You Get To Close Faster

Added November 13, 2009 by Ilyce R. Glink

Short Sale vs Foreclosure: Which One Can You Get To Close Faster
When you are out shopping for a home are you better off looking for a seller doing a short sale or buying a home that has been foreclosed on by the bank. In a short sale you will deal with the owner of the home but will be at the mercy of the bank but in a foreclosure, you will be dealing directly with the bank trying to sell the home in the open market.

Short Sale Videos

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Pricing A Foreclosure Or Short Sale

January 14, 2009

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Summary:

Buying a foreclosure or short sale is basically the same as buying any property on the housing market. You may be able to get a good deal on a foreclosure or short sale if the market is full, but the market value and property value in your area will drive the pricing and financing the loan. Watch…

Watch Video: Pricing A Foreclosure Or Short Sale