A short sale is when the mortgage lender(s) agrees to sell the property for a lower amount than the loan-balance remaining.
How To Buy A Bargain Home As A Short Sale
Differences Between A Short Sale And A Foreclosure
If you’re looking to get an untraditional deal on a new home purchase, you may encounter either a short sale or a foreclosure. These two terms refer to sales that are not usual. As a homebuyer, it’s important to understand the differences between them and how each one might affect your buying experience.
3 Critical Tips for Buying a Home in a Short Sale
You just found your perfect home, and you feel like everything is right including the price. But, what could be wrong with your ideal home? Maybe, it is being sold as a short sale, and that could present a major challenge if you want to become be the eventual homeowner.
