What is a short sale? Let’s talk about the basics-
Define short sale:
A short sale is a sales transaction in which the seller’s mortgage lender agrees to accept a payoff of less than the balance due on the loan.
In our market today, these are not as common as they used to be, but there are still a few floating around.
This link and article from Realtor.Org has very good info, let me know if you have specific questions!
Sheralyn Bennett
Prudential Utah Elite Real Estate
REALTOR, ABR, CRS, e-Pro, GREEN, SFR, SRES
801 – 921 – 9732
Bennett . Sheralyn @ Gmail . com