The Short Sale That Got Away

Short sale (real estate) A prudent buyer will not pay greater than the appraised value, and a Bank or Finance company will not provide a mortgage for greater than the appraised value, thus limiting the Short Sale proceeds to a maximum gross yield of the property’s Appraised Value.

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can i walk away from a short sale with no deadline date given in my contract? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

Once a short sale transaction closes, the debt is settled and the seller is off the hook for the difference. A short sale has less impact on the seller’s credit score than a foreclosure.

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Real Estate Short Sale: A real estate short sale is any sale of real estate that generates proceeds that are less than the amount owed on the property. A real estate short sale occurs when a.

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Short sale buyers, with the help of an experienced real estate professional, may increase their chances of success if they: File all the required short sale paperwork in a timely and efficient manner. Assure the seller they will wait for short sale approval. Have a strong pre-approval letter. Put.

About the author: The above Real Estate information on short sale realtor mistakes was provided by Bill Gassett, a Nationally recognized leader in his field. Bill can be reached via email at or by phone at 508-435-5356.

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A successful short sale helps the lender to avoid yet one more foreclosed home on their books and all the cost and time involved in maintaining that home until its potential sale. A short sale can also reduce the likelihood that the borrower or homeowner will trash the property on his way out the door.

But there were no for sale signs and no-one. That, they say, got Taylor Wimpey’s attention and – two years down the line – an agreement has now been reached for their home to be fixed. "It falls.