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What is a Short Sale in Real Estate? A Guide for Buyers and Sellers

Redfin

A common real estate term you’ve probably seen, whether you’re buying or selling a home , is a “short sale.” A short sale home can be a good way to stretch your budget if you’re a buyer or let go of a home you can no longer afford if you’re a seller. For sellers , a short sale has to be approved in advance by the lender.

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How to Buy a Foreclosed Home: The Ultimate Step-by-Step Guide

Redfin

There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. If the auction accepts financing, make sure you have a pre-approval ready. Preforeclosure can be tricky as sometimes the properties may never be for sale.

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First-Time Home Buyer Advice: Third Quarter 2025

The Mortgage Report

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? In May, active listings rose 31.5%

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Short Sale Mortgage Loans: What Borrowers Need To Know

HomeLight

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. What’s a short sale ?

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Buying a Short Sale Property? Your Guide to Short Sale Requirements for Buyers

HomeLight

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. What’s a short sale?

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Frequently Asked Questions about Buyers Agents in Real Estate

Realty Biz

Understanding the mortgage process, including prequalification and pre-approval, is also essential. Understanding the Mortgage Process When purchasing a home, understanding the mortgage approval process is essential. It is essential to prepare for the mortgage pre-approval process.

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Selling a House ‘As Is’ in Maryland

HomeLight

“I just had three sales last month where I lent the sellers the money needed to make the repairs and they netted almost triple the amount of money we put into the house,” Umanzor says. Consider a pre-listing inspection. Not every buyer who has an approval letter will get to the finish line.”. It’s a win-win for everybody.