A short sale means that someone is selling a property for less than it is worth or is owed to them.
Normally, a bank will consider short selling a foreclosed property in order to get rid of it and to limit their losses. They will sell it for less than is owed on the property or
Continue reading In Real Estate Please Describe The Term ‘a Short Sale’?
My mother-in-law has major medical bills and is completly behind on all her bills, due to being in the hospital for an extended period. She filed bankruptcy less than 7 years ago.
The house is in foreclosure and has been auctioned off for 25 thousand but the owner has 6 months to sell the home for more? He offered it to me for 35 thousand and is calling it a “short sale” Has anyone ever heard of
Continue reading What Does The Term “short Sale” Mean When Buying A Forclosed House?
I am stuck in a situation in which I am upside down on my home and with a new baby on the way I need to buy a bigger home and also take advantage of the low mortgage rates and cheap home prices, therefore I am leaning towards doing a short sale. Only thing is
Continue reading How Will A Short Sale Affect My Credit Long Term?