A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens' full amounts, whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Any unpaid balance owed to the creditors is known as a deficiency. Short sale agreements do not necessarily release borrowers from their obligations to repay any deficiencies of the loans, unless specifically agreed to between the parties.
"BRING ALL OFFERS!!! MUST SELL. Vaulted Ceilings NEW DOUBLE PANE VINYL WINDOWS, deck, HIGH QUALITY CARPET, open floor plan. Playground, swing set, and swimming pool next door."
"Although the home is old and needs work, this is an investor's ideal project to improve on or build a new home. The lot is large and in a great part of Provo close to the freeway and schools."
"You will love this home! Well taken care of inside and out. Beautiful, open kitchen and floor plan; backs to common area and childrens park. Private, fully-fenced yard. Lender says new buyer can assume current owners loan! Built in 2008. A must see!"
"Great Condo in a Great Location! Well maintained unit on quiet street! Private patio perfect for entertaining. Buyer to verify all info. Text agent for showings!"
"One offer in 5/22/12 PRICE IS APPROVED!!! Very cute remodeled home! Perfect first time home! Lots of upgrades! New windows, newer floors and tile, updated kitchen, and more! Bank is Utah Housing, great to work with!"
"HIGH DEMAND Rental area in SE Provo. Lot appears to be much larger and may require a survey. Home needs renovation/repairs. Good rehab investment or handyman's first home. Short sale with 1st and junior liens. Offer submitted with one backup"
"Great location close to University & Provo Town Center Mall. Courtyard design home. Enclosed backyard patio his/her closets in mater bedroom. Lazy Susan in cabinets. Ceramic tile. Mountain views. Upstairs bedroom is finished."
"GREAT DEAL* Home is structually in good repair* Has a newer roof, furnace, and water heater* Lots of potential for cosmetic updating inside, or using as a rental* Garage in back is more of a storage shed and needs some updating* Overall, could make a great investment for the right buyer* Easy to show* Convienient location close to schools, parks, and quick freeway access*"
"GREAT LOCATION* Conveniently situated on the Eastside of Provo close to schools and shopping* LARGE BACKYARD* Plenty of space for a garden as the lot seems much bigger because of how deep it is* Home is a nice project for people who want to fix up a home or look for an investment to rent* EASY TO SHOW*"
"This cute two bedroom townhome is located in a family friendly community! *Short Sale* Buyer to verify all square footage. call showing service for appts."
"5/23/12 BUYER FAILED! NEED NEW BUYER! BANK WILL RESPOND TO OFFERS IN 7-14 DAYS. Home is in great condition. Great open family space on main floor, newer carpet & paint, laminate wood floors, crawl space and shed are great for storage, enclosed private patio, large bedrooms, master bathroom."
"Offer being reviewed at this time*Nice 3 bedroom home in Provo. Tile floors, updated bathroom, updated kitchen w/lots of space and seperate preperation area. New electrical. Private backyard w/huge garden area. This is a short sale. Buyers agent/buyer to verify all info."
"Short Sale - PRICE REDUCED - WILL LOOK AT ALL OFFERS OUTSTANDING TOP FLOOR PENTHOUSE, BYU Approved for 4 Women Condo. Totally Remodeled with great views! Large & Spacious - Furnished, Each is large and has its own bath, Rents to 4 Students; 3 Pools including 1 year round! Jacuzzi, Sand Volleyball and UTA Bus every 15 min! 12 min. to BYU and 14 min. to UVSC."