Posts from October 1st, 2020
Lisa Talks Real Estate
RSS Feed
Subscribe and receive email notifications of new blog posts.
RSS Feed
Advice For Home Buyers | 34 Posts
Advice for Home Sellers | 20 Posts
Gardening / Exterior | 8 Posts
Heating and Cooling | 2 Posts
Informational | 20 Posts
Life and Style | 2 Posts
Moving | 2 Posts
Safety | 1 Posts
Seasonal | 3 Posts
October
1
1
What Is A Short Sale?
What is a Short Sale?
Watch any popular real estate show on television, and you've probably heard a lot of different takes on short sales. Some people swear by them, while others avoid them.
But what is a short sale all about?
A short sale is the sale of a property for less than the mortgage amount. Short sales aren't quite the same as foreclosures: They're a negotiated agreement between a lender and borrower. Both parties are motivated to sell, but that doesn't mean it's always the best deal.
For a short sale to happen, two things need to be true: