Video: How Does A Short Sale Work??

A short sale isn’t really all that different from any other traditional sale except for one thing – you must get the lender’s approval to sell for less than the outstanding loan balance.  That adds time – sometimes a few weeks to a few months – to the process.  It’s a little more complicated if there’s more than one lender involved and even more if there are other liens against the property such as mechanics liens or tax liens.  Here’s a brief video discussing the short sale process.  As usual, if you have questions I’d be happy to help.

How Short Sales Work

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About Bob Gilbert, GRI

Realtor with Edina Realty, Prior Lake, MN
This entry was posted in Distressed Property, Real Estate Videos, Selling Your Home and tagged , , , , . Bookmark the permalink.

One Response to Video: How Does A Short Sale Work??

  1. Pingback: What is a Short Sale? « from the desk of

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