Short Sale Definition
October 14, 2009 by admin
Filed under Blog, Short Sale Definition
What is a short sale?
A short sale is when a property owner sells their property for less than the amount owed on the loan. The lender accepts a discounted payoff, and will release the loan that is secured to the property.
Comments
Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!