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   real estate terms short sale

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2. www.investopedia.com · terms · rWhat Is a Short Sale on a House? Process, Alternatives, and ...

   www.investopedia.com · terms · r

   

   Aug 26, 2024 · In real estate, a short sale is an asking price for a home that is less than the amount that is due on its existing mortgage.

3. People also ask

   What is a short sale in real estate?

   • In real estate, a short sale may take place when an owner sells a house at a price that is less than the outstanding mortgage amount. This typically happens when the owner is under financial stress and is behind on mortgage payments. The owner is obligated to sell the home to a third party, with all of the proceeds of the sale going to the lender.

   What Is a Short Sale on a House? Process, Alternatives ... - Investopedia

   www.investopedia.com/terms/r/real-estate-short-sale.asp

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   What is a short sale & a preforeclosure sale?

   • A short sale — sometimes known as a preforeclosure sale — is when a mortgage lender agrees to allow a borrower to sell their home for less than what’s owed on the mortgage. The lender accepts this payoff and forgives the difference, releasing the borrower from the debt.

   What Is A Short Sale? | Bankrate

   www.bankrate.com/mortgages/short-sale/

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   What percentage of home sales are short sales?

   • According to recent data from real estate information company RealtyTrac, about 5% of all single-family home and condo sales are short sales. Often homeowners are pushed into a short sale by personal financial troubles that make it impossible to pay their monthly mortgage to their lender.

   What Is a Short Sale? The Long and Short Of It - realtor.com

   www.realtor.com/advice/sell/what-is-a-short-sale/

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   Should a short sale be called a long sale?

   • An ongoing joke among real estate agents is that it shouldn’t be called a short sale, it should be called a long sale. A standard sale process is a 30-day escrow. A short sale can take anywhere between 3 to 6 months. At the beginning of the foreclosure crisis, short sales were taking 6 months or longer.

   What Is a Short Sale in Real Estate and How Do They Work?

   www.kapre.com/resources/real-estate/short-sales

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4. www.zillow.com · learn · short-saleWhat is a Short Sale? Buyer & Seller Guide | Zillow

   www.zillow.com · learn · short-sale

   

   Jul 31, 2015 · When you owe more on your home than it's worth and you need to sell, the transaction in which you will sell your property is called a short sale. You need your lender's approval to do a short sale because they'll be accepting less than they're owed at closing.

5. www.realtor.com · advice · sellWhat Is a Short Sale? The Long and Short Of It - realtor.com

   www.realtor.com · advice · sell

   

   Oct 16, 2022 · What is a short sale? Simply put, you're selling your home for less than you owe on your mortgage. Here's what home sellers and buyers need to know.

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7. www.kapre.com · resources · real-estateWhat Is a Short Sale in Real Estate and How Do They Work?

   www.kapre.com · resources · real-estate

   

   In real estate, the term "short sale" often comes up as a strategic and complex transaction. This article outlines the intricacies of short sales, offers strategies for buyers and sellers, and explains how they function and why they happen within the real estate industry.

8. www.nerdwallet.com · what-is-a-short-saleWhat Is a Short Sale? - NerdWallet

   www.nerdwallet.com · what-is-a-short-sale

   

   Dec 20, 2020 · A short sale in real estate is the sale of a home at a lower price than what’s owed on the mortgage. The transaction requires the lender's approval and is a last...

9. www.zillow.com · learn · short-sale-future-impactsShort Sales - 4 Things You Must Know - Zillow

   www.zillow.com · learn · short-sale-future-impacts

   

   Jul 31, 2015 · A short sale occurs when the bank allows a homeowner to sell a home for less than what is currently owed to the bank. Find out how this might affect your future. In this article: What Is a Short Sale? How Does the Short Sale Process Work? How Does a Short Sale Impact your Credit? How Long Until You Can Buy Again? Other Considerations.

10. www.bankrate.com · mortgages · short-saleWhat Is A Short Sale? - Bankrate

    www.bankrate.com · mortgages · short-sale

    

    Apr 24, 2024 · A short sale — sometimes known as a preforeclosure sale — is when a mortgage lender agrees to allow a borrower to sell their home for less than what’s owed on the mortgage. The lender...