Emmitt Lewis's Blog (1)

Definition and Typical Process of a short sale.

A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens' full amounts, whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Any unpaid balance…

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Added by Emmitt Lewis on December 27, 2011 at 10:19am — No Comments

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Definition and Typical Process of a short sale.

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Emmitt Lewis's Blog (1)

Definition and Typical Process of a short sale.

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