How To Sell A House In A Short Sale

February 23, 2015

When you are looking for the answer to “What is the best way to sell my house?” one of the answers may be to offer it as a short sale. Short sales have become more common in the last ten years and many real estate professionals prefer this method for a quick sale.What Is A Short Sale?A short sale is when the owner of a home is given permission by the mortgage holder to sell their home for less than what is owed on the loan. These types of sales can only be approved by the loan holder, and the owner must have this approval prior to offering the home for sale in this manner.Once you have the ability to place your home up as a short sale, home owners would benefit from working with a real estate professional to help market the property. Many buyers are specifically looking for homes that are offered as short sales because the buying process can be quicker than buying a home in other ways.Working With The LenderIf you want to sell your home as a short sale, you must contact your lende
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