Definition of «to do a short sale»

A short sale is a real estate transaction in which the bank agrees to accept less than the total amount owed on a mortgage as payment in full satisfaction of the debt, allowing the homeowner to sell their property without having to pay off the entire loan.

Sentences with «to do a short sale»

The bank wants to do a short sale in order to avoid the costs of a foreclosure. (debtkid.com)
We're going to take a slightly different approach today, and we're going to be discussing the benefits of doing a short sale from the lender's perspective. (arklawgroup.com)
There were posts I can dig up about how doing short sales would be too much liability to brokers so they would not allow their agents to participate in short sales. (wellingtonfloridashortsales.com)
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