Complimentary Real Estate Continuing Education Class: Short Sales
RE78R13: Short Sales
Speaker: Amanda Zuretti, Esq. CATIC Title Counsel
Northern Bank & Trust Company
Dalton & Finegold, LLP
1. What is a "Short Sale"?
The sale of real estate where the proceeds from the sale of the property provide insufficient funds to pay the existing liens and expenses related to the sale of the property.
Sometimes referred to as "Underwater Loans"
Three Party transaction (Seller, Buyer and Mortgagee-lender)
Why do a "Short Sale"?
Reduce risk of… Show more
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