I see this a lot surrounded by the real estate ad. I have no view what it means. My husband and I want to start looking for a house. Thanks for the info!
Answers: A short public sale could be compared to a settlement someone may do with a credit card company. Lets speak you owe the bank $150000 but can no longer save up with the payments, the dune may allow you to sell for a mediocre amount to let you "bad the hook". There are other parts to this depending on the loan type the owner had and even the state where on earth the home is located. If you are looking to buy, these may represent a great value but they can pocket a long time to process due to the banks dignified inventory of foreclosed properties. Speak to a local agent as there are other honourable opportunities approaching REO and even HUD homes that may give you great appeal without adjectives the hassle of dealing with a short mart.
I short sale is selling the home for smaller number than what is owed on it, but the bank have to agree on the amount.
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Answers: A short public sale could be compared to a settlement someone may do with a credit card company. Lets speak you owe the bank $150000 but can no longer save up with the payments, the dune may allow you to sell for a mediocre amount to let you "bad the hook". There are other parts to this depending on the loan type the owner had and even the state where on earth the home is located. If you are looking to buy, these may represent a great value but they can pocket a long time to process due to the banks dignified inventory of foreclosed properties. Speak to a local agent as there are other honourable opportunities approaching REO and even HUD homes that may give you great appeal without adjectives the hassle of dealing with a short mart.
I short sale is selling the home for smaller number than what is owed on it, but the bank have to agree on the amount.
Resolved Questions: