Daniel Rogger - Articles

How Short Sell Works

Getting through Your Short Sell Process A short sell is a property sale where, to avoid a foreclosure, both the first purchaser and the bank agree to sell the property for under the value of the mortgage on it. It's the art of compromise with houses and multi-figure buck amounts. A short sell is generally the last option before a full on foreclosure. A short sell, or short refi, has a number of requirements before it can be consummated. The first is that the home owner w... Read

By: Daniel Rogger | 12/11/2009 | Finance