Posted on: 20th Nov, 2010 05:54 pm
If I sell my house for less than is owed and pony up the difference at closing is that still considered a short sell?
Hi clp0723,
1st i would like you to know about short sell.
A short sell is besically forcing people that can't pay the amount owed on their property upon the sale of the home. A short sale occurs when you sell a property for less money that what is owed to the lender.
As per my view in your case your lender may not agree to short sell.
Just check with him.
1st i would like you to know about short sell.
A short sell is besically forcing people that can't pay the amount owed on their property upon the sale of the home. A short sale occurs when you sell a property for less money that what is owed to the lender.
As per my view in your case your lender may not agree to short sell.
Just check with him.