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Bookmark or Share- What Is a Short Sale and How Does It Work? | LendingTreeWhat is a short sale in real estate? A short sale is when a homeowner sells their home for a price that falls “short” of the outstanding loan amount owed to their mortgage lender. The lender uses the proceeds to cover the majority of the borrower’s mortgage balance when the house is sold.
- What Is a Short Sale? - NerdWalletA short sale in real estate is the sale of a home at a lower price than what’s owed on the mortgage. The transaction requires the lender's approval and is a last resort to avoid foreclosure...
- What is a Short Sale? Buyer & Seller Guide | ZillowShort sales are an option for homeowners who are underwater on their mortgage to sell their property, and to avoid going into foreclosure. For many distressed homeowners, short sales are an alternative to foreclosure.
- How to Buy a Short Sale Home - RedfinThis guide covers the basics of buying a short sale home, including details about how a short sale works for the seller, to help you decide if pursuing a short sale is worth the extra time and effort.
- What Is a Short Sale? The Long and Short Of It - realtor.comWhat is a short sale? Simply put, you're selling your home for less than you owe on your mortgage. Here's what home sellers and buyers need to know.
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