What is a Short Sale?

If a listing is designated a short sale, it means that the property owner needs to sell the property quickly due to financial need and will sell it for less than they owe on their mortgage. The mortgage lender must also agree to a short sale and all proceeds from the sale of the home will go directly to them. Considering a career in real estate? View our upcoming pre-licensing courses here: tocrres.com/register ! #RealEstate #NewCareer #OnlineLearning