Posted on: 12th Jul, 2013 12:31 am
I don't understand what short sale is all about. Are you really allowed to make an offer less than the original property price?
Well, a short sale is an option where the owner owes more on the property than its value and the lender is ready to sell off the property for less than the outstanding loan balance to keep the property out of foreclosure sale.
Hi Guest,
You may take a look at the given page to know all about short sale: http://www.mortgagefit.com/blog/short-sale-it-actually-takes-a-long-time/
You may take a look at the given page to know all about short sale: http://www.mortgagefit.com/blog/short-sale-it-actually-takes-a-long-time/