Why do they call it a “short-sale” if it takes so long?
That’s a question I hear all the time…this process is properly called “Short Pay”…because the short payoff of the loan is the ONLY short thing about it!
I’ll give you all the “insider” information you need to completely understand this process…and decide if it’s something that works for you…as a Seller or as a Buyer.
Everyone can start with the What is a Short Sale page for all the background information
Sellers can move on to Selling a short sale home for all the information you need as a Seller
Buying a short sale home gives buyers the big picture of what they can expect from these transactions
In either case, patience is the key word when you’re considering a short sale…please take a closer look…a short sale may be the correct answer to your real estate questions!