BillVargas 0 Report post Posted November 12, 2003 I read you guys talking about a short sale. Excuse me, but what is a short sale? Share this post Link to post Share on other sites
MichaelC 160 Report post Posted November 12, 2003 I think it has something to do with those two little guys that run around in Ron LeGrand's infomercial.........Ahem. Actually, it is when a lender agrees to accept less than what is owed on a property. Say a bank is beginning foreclosure proceedings against a homeowner. The balance on the note is $200,000. You offer to bring the loan current, and buy the property for $160,000. If the lender agrees, you have a short sale. Share this post Link to post Share on other sites
