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What Does A Short Sale Mean For The Buyer. If you’re a buyer, a short sale can enable you to buy a property at a discount because the seller is distressed and has fewer options. Pluses of a short sale for the buyer.
from venturebeat.com
But you’ll need to be patient because buying a property in a short sale may take some time. If you want to know what a short sale means are for the buyer, you've come to the right place. For the bank or other lender that owns the mortgage, a short sale is preferable to letting a home go into foreclosure.
In short, short sales are a good idea if you have plenty of time and money. A short sale typically occurs when the homeowner has fallen behind on the mortgage payments due to financial hardship. But it is important to remain realistic about the price. A short sale occurs when a homeowner in dire financial trouble sells their home for less than they owe on the mortgage.
