Thread: Buying a short sale..
View Single Post
GWN7 GWN7 is offline
Registered
 
GWN7's Avatar
 
Join Date: Jun 2002
Location: Winnipeg, MB, Canada
Posts: 3,963
Quote:
Originally Posted by MBAtarga View Post
"short" refers to the fact that the selling price will come up "short" of paying off the mortgage(s) - so the mortgage holder(s) must approve of the sale -with an expectation that is all they will receive.
Thanks
__________________
Bunch of old cars
Old 02-23-2013, 11:10 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #20 (permalink)