What is a short sale? - Posted by RB


#1

Posted by Dave T on November 19, 1998 at 21:11:19:

Sometimes a home’s mortgage balance is higher than its FMV. One way a homeowner can still his home in this situation, without paying a huge chunk of change out of pocket, is to ask the noteholder to forgive the difference between the selling price and the mortgage balance.

When the noteholder does this, it is called a short sale.


#2

What is a short sale? - Posted by RB

Posted by RB on November 19, 1998 at 20:50:19:

What is a short sale? thanks