Ben

As I've mentioned before I am a Quick Sales, UK property Buyer. However, recently I was contacted by a person wanting a 'Short sale'. Now this took me by surprise. For one thing, this term is American and two I had previously written about the differences between a 'Short sale' and a 'Quick sale' on this thread.
Through further questioning I grew to understand that the gentleman had just come over from the States to the UK and had the responsibility of selling a relatives property ... 'Quickly'. In short, a week later the sale was complete, with cash in hand he flew back to the States. Now that was a quick sale. Why?... because the sale happened Quickly. We did not have to negotiate with the mortgage company/bank and ask them to accept a loss on what was owed to them, which would have been a Short sale.

http://www.quickpropertysales.org - Thu Sep 24 2009, 05:09

Another yes! from Quickpropertysales.org

Especially if it's a Uk repossession property under offer. They are by law suppose to market the property up until exchange. This makes it sometimes good for people wanting a last minute bargin and of course the banks/owners who receive a high last minute offer but often bad for the original buyer.
http://www.quickpropertysales.org - Thu Sep 24 2009, 05:03