a real estate short sale occurs when:

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The term short sale in real estate refers to a sale that takes place when afinancially distressed homeowner sells their property for less than the amount due on the mortgage. The buyer of the property is a third party (not the bank), and all proceeds from the sale go to the lender.

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  • What is a short sale in real estate?

  • What Is a Short Sale? What Is a Short Sale (Real Estate)? The term short sale in real estate refers to a sale that takes place when a financially distressed homeowner sells their property for less than the amount due on the mortgage. The buyer of the property is a third party (not the bank), and all proceeds from the sale go to the lender.

  • What is’short sale (real estate)’?

  • What is ‘Short Sale (Real Estate)’. A short sale in real estate is when a financially distressed homeowner sells his or her property for less than the amount due on the mortgage. The buyer of the property is a third party (not the bank), and all proceeds from the sale go to the lender.

  • Should I buy a short sale in a falling market?

  • In a falling market, you are less likely to get your ARV, so your investment should be smaller. What Is a Short Sale? In real estate, a short sale takes place when an owner sells their house below its mortgage value.

  • How long does it take to sell a short sale?

  • The owner is obligated to sell their home to a third party, while the proceeds of the sale go to the lender. The lender must approve the short sale before it happens. The process of a short sale can often take as long as a year due to the scale of paperwork involved.

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