What is a short sale and how long does it take to close on one?
A real estate short sale, by definition, typically "moves" pretty fast. In most cases, a short sale takes place when the seller's lender has agreed to let them sell the home for less than what they owe on the mortgage.
How does financing work when buying a short sale property?
In most cases, the financial process for buying a short sale is similar
to any other home buying process. But there are two areas where buying
a short sale differs from buying a regular home.
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