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Understanding the Short Sale Process

CT Homes

A defining term that emerged shortly after the collapse was the “short sale”. In the years following, short sales were the driving force behind a majority of all total real estate transactions. But what is the short sale process and how does it work? . What is a Short Sale?

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Selling Your House at a Loss: Consider These Options When Your Home Turns into a Financial Burden

HomeLight

of the loan amount, although no closing cost options exist (that is, they’ll be lumped in with your principal or you’ll pay a higher rate). Short sale: selling when you owe more than your home is worth. That is, unless your lender agrees to a short sale with a deficiency waiver.