Tag Archives: Short Sales
What exactly is a Short Sale?
Posted on 02. Feb, 2010 by toniarney.
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As a real estate agent I get asked this question often. In today’s current economic condition short sales make-up more than half of all real estate transactions. A short sale is a term used to describe the sale of a home that falls “short” of the balance owed on a mortgage. A short sale often occurs when a homeowner or borrower [...]
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Short Sale Guidelines
Posted on 05. Dec, 2009 by toniarney.
WASHINGTON (Associated Press) – Guidelines for short sales to help homeowners who need to sell their houses but cannot secure contracts at a high enough price to pay off their mortgages have been revised by the Treasury Department. The plan was created to aid homeowners whose income or debt is too low to qualify them [...]
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