Short Sales: FAQ

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!

http://realtormag.realtor.org/sales-and-marketing/handouts-for-customers/for-buyers/making-offer-short-sale-what-you-need-know

Sheralyn Bennett

Prudential Utah Elite Real Estate

REALTOR, ABR, CRS, e-Pro, GREEN, SFR, SRES

801 – 921 – 9732

Bennett . Sheralyn @ Gmail . com