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Short Sale of HomesDESCRIPTION
Short Sale of Homes. Friday, September 19, 2008. A short sale takes place when a lender allows the home to be purchased for less than the amount owed. It is a loss to the lender, who is in the process of foreclosing on that home. This can protect the current seller from foreclosing, save the buyer thousands of dollars, and creates transaction fees for both real estate agents and the buyers loan professional. The loser here is clearly the lender. The current seller must be sure that the loss the lender a.CONTENT
This web page k4mssh.blogspot.com states the following, "Friday, September 19, 2008." We saw that the webpage said " A short sale takes place when a lender allows the home to be purchased for less than the amount owed." It also said " It is a loss to the lender, who is in the process of foreclosing on that home. This can protect the current seller from foreclosing, save the buyer thousands of dollars, and creates transaction fees for both real estate agents and the buyers loan professional. The loser here is clearly the lender. The current seller must be sure that the loss the lender a."