Property Buy and Sell Tips

A short sale means that a seller�s lender is accepting discounted pay to enable the release an existing mortgage. Even if the property has short sale terms it is not an assurance that the lender is going to accept the offer even if the seller is accepting it. Buyers usually go after short sales to get a better deal but it is not as simple as it seems.

Before a property is considered for short sale, the seller must be in default or stopped mortgage payments for a period of time and the seller might have owed more than the actual amount of the property which brings the property along the market value price but not below it.