semantics

TheShortSalePro profile photo

I've read many of the "short sale" questions and responses posted to this, and other boards.

While "short sale" could have many meanings, to a real estate technician:

A short sale is a real property transaction such that a mortgagee agrees to release it's security/lien for an amount less than it is contractually due usually to facilitate a (preforeclosure) sale.

Simply buying a property at below market value doesn't consitute a "short sale"

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