Helpful Mortgage And Real Estate Advice

Infographic – What Is A Short Sale

By on November 14, 2013 in Mortgage Infographics

What Is  A Short Sale

A short sale is a home sale agreement in which lenders allow borrowers to sell their homes for less than the amount owed on the mortgage. Homeowners who are unable to make their mortgage payments would sometimes consider a short sale if they don’t qualify for a refinance.

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About the Author: Jessica Lucas is the managing editor for Mortgage Home Base, a top real estate finance blog dedicated to helping borrowers and home buyers understand the home loan process. Follow Jessica on Google +, and share your comments here. .
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