What Is A Short Sale Mean

What Is A Short Sale Mean

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A successful short sale means the seller’s lender is willing to accept a discounted payoff to release an existing mortgage. Just because a property is listed with short sale terms does not mean the lender will accept your offer, even if the seller accepts it.

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What is a short sale? A short sale is when a house is sold for less than what the homeowner owes on it, and the lender does not get all of its money back.

In investing, a short sale is a transaction in which an investor sells borrowed securities in anticipation of a price decline and is required to return an equal number of shares at some point in the future. Articles. Terms. Videos. Tutorials. Slideshows. FAQs. Calculators.

Every short sale is different and as much depends on the lender as it does on the listing. Or, a lengthy short sale period can also mean the bank has internal.

A short sale addendum is a critical document in many short sale transactions because it provides the details regarding some of the following: Contingencies upon which a contract can be canceled or executed.

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No default on loan – Lenders almost never will accept short sale offers or requests for short sales until the borrower is far. this also means posting a sizable amount of money to demonstrate.

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