A Guide To How Short Sell Works
Posted in Finance on July 4th, 2009 by Henry Jenick – Be the first to commentA short sell is a property sale where, to avoid a foreclosure, both the original shopper and the bank agree to sell the property for under the value of the mortgage on it. It is the art of compromise with homes and multi-figure dollar amounts. A short sell is generally the last option before a full on foreclosure.