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What is a Short Sale?

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Uploaded by on Sep 30, 2008

When you owe more on your home than it's worth you may want to do a short sale. In a short sale the bank forgives some of what you owe them. It's more cost-effective for a bank to do a short sale than foreclose on a home.

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Uploader Comments (ExpertRealEstateTips)

  • I wish I could find a broker like you to go work for. Very good explanation. Keep up a good work!

  • @tubeitnice thanks for watching and commenting. Don't forget to watch the other short sale videos like "Pricing a Foreclosure or Short Sale"

  • Thanks so  much for the compliment, @REAHoldingsGroup1. Ilyce

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All Comments (20)

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  • karengallardo.lightyearwireles­s

  • how do people owe more on the loan than the property itself? it just doesnt seem to make sense,

  • What type of video software or service do you use? I like it!

  • Great Video, I love short sales :))))

  • Hey I know someone that can maybe give you some answers! Check him out at wwwhampghcom

  • hi! Just a simple question, I came upon a home in Florida that originally went on the market for $149,000.00, now its at short sale for $49,000.00 - what is the guidelines is far as value when making an offer m- would it be smart to ffer 60,000? or more? So you make sure you get the home - or offer lets say, 50,000? Or less?

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