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.
"This is a SHORT SALE. Home shows very well and has been very well cared for! Great location! close to shopping, schools, & freeway access! Close to new Jr High & Salem Hills High School."
"Short Sale. Estate Sale. Great value on this 4 bdrm, 2 bth home in Salem. large 864 Sf Shop. Living room w/fireplace, family room downstaris w/gas fireplace, large kitchen and dining area."
"We have one offer accepted by the seller. Still looking for back-up offers if primary offer falls through. Short Sale. Great house in a fantastic neighborhood. Well cared for. Great value. Finished basement. Fully landscaped. For a buyer who is willing to be patient while SS is processed, this will be a fantastic buy."
"$175,000 is the Approved Price by Mortgage Company. Quiet, safe, friendly neighborhood. Rambler wheelchair accesible,main floor living with full finished basement. Large Yard with garden , and fruit trees. Only 2 blocks to elemtary school, new high school. Has lots and lots of storage."
* LISTED OVER 120 DAYS
* PRICE CHANGES
* SHORT SALE
"Beautiful & very clean 6 bedroom, 3 bath. Vaulted ceilings, open & bright large family room. The home sits on a quiet street. Fully landscaped and fenced yard. Easy to show. Subject to Bank Approval."
"NO SHOWINGS AT THIS TIME. This is a short sale with an offer currently under review by the lender. No showings available at this time. Please contact agent."
"Elegant, well planned, efficient home in Beautiful Rural Neighborhood, special attention paid to detail: French Doors, Stained Glass, loaded with extras and built-ins. Fully automated electrical/alarm system, Storage in every room. Full Brick with Lifetime Tile Roof (Gravel Impregnated Steel). Sufficient garage parking for 7 cars and two RVs (5 Garages are heated) 3 Gazebos, Irrigation fed Pond, Mature Fruit, Shade, and Pine Trees. Full 7.9 acres fence with 9 foot Chain Link with cement curb,"
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