Short Sale

Short sale may refer to:

  • Short (finance), the practice of selling securities or other financial instruments, with the intention of subsequently repurchasing them at a lower price
  • Short sale (real estate), a sale of real estate in which the proceeds from selling the property is less than the amount owed

Other articles related to "short sale, sale, short":

Short Sale (real Estate)
... A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property ... Short sale agreements do not necessarily release borrowers from their obligations to repay any deficiencies of the loans, unless specifically agreed to between the parties ... was passed to preclude deficiencies after a short sale is approved ...
Short Sale (real Estate) - Credit Implications
... A short sale negotiation resulting in a reduction of the amount a borrower owes towards a debt acts as a type of settlement or renegotiation of a borrower's debt ... misreporting on the topic, damage to one's credit due to a short sale is really no different from that of a foreclosure ... After a short sale, borrowers may find it difficult to obtain a new mortgage because lender's underwriting guidelines might reject lending to a borrower ...

Famous quotes containing the words sale and/or short:

    [T]he dignity of parliament it seems can brook no opposition to it’s power. Strange that a set of men who have made sale of their virtue to the minister should yet talk of retaining dignity!
    Thomas Jefferson (1743–1826)

    No amount of charters, direct primaries, or short ballots will make a democracy out of an illiterate people.
    Walter Lippmann (1889–1974)