What Is A Short Sale and Is It A Good Idea As A Buyer?
HomeLight
JULY 31, 2020
You don’t see as many short sales in 2020 as in 2010; despite their name, they’re neither short nor simple endeavors. If a homeowner is behind on their mortgage payments, owes more money than the property’s current value, and is in danger of foreclosure, a lender may agree to terms of a short sale.
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