Q & A Saturday – What Is a Short Sale?

Welcome to our Q & A Saturday video.

In these Q & A Videos we will answer your questions about real estate.  Any real estate related topic from questions about selling your house, buying a house, real estate investor questions, landlording questions, local market questions and many others things are all fair game. 

Today’s question is “What is a Short Sale?

Short Sale Sign - MA and NH Real Estate

In this video Shaun gives a quick overview on what a Short Sale is and how they are done:

 

Some of the main points covered in this video are:

1)      A brief explanation of what a Short Sale is

2)      The need to work with an agent (and one that knows what they are doing!)

3)      The procedure to do a Short Sale (i.e. paperwork…)

4)      How long to expect a Short Sale to take

5)      The potential benefits and pitfalls involved with doing a Short Sale

6)      How we can help you work on a Short Sale if you Contact Us

 

This is a pretty big topic (and a bit longer video than normal) and I encourage anyone interested in it to Google search for more information and check out some of the resources below.  If there are questions you might have about selling by, buying a or investing in a Short Sale comment below and I’ll be happy to elaborate on anything.

 

Hope you enjoyed the video and leave any other questions you have about the topic below or any other topics you would like to see covered in future videos.  I encourage anyone that has things they would like to talk about to let me know what they are.  You can always fill out a contact us form here and put Q & A in the subject, just leave a comment with your questions below here, send an email to info@masshomesale.com, or post it on our Facebook page or Twitter account.

 

For more useful Short Sale resources see:

–          What is a Short Sale? The Definitive Guide via BiggerPockets 

–          Short Sales (Real Estate) via Wikipedia 

–          Fannie Mae borrowing eligibility fact sheet 

–          Our articles about Massachusetts Foreclosure Data (and some other resources)

 

 

 

(Image Credit: Short Sale Sign via Massachusetts Real Estate News)