Foreclosure in Terre Haute>Question Details

Gina Hof, Home Buyer in C & T Properties, Ga...

what is a short sell?

Asked by Gina Hof, C & T Properties, Garner, NC Tue Mar 26, 2013

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It's when a property owner wishes to sell the property and the current property value is below the outstanding loan balance. The property owner would have to request the lender to accept a short repayment of the loan, hence then the name "short sale".
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0 votes Thank Flag Link Wed Mar 27, 2013
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