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Question: In county real estate records, what’s it mean when a house is sold to currrent owner (even 2+ times) for ?
Often a house that is listed on real estate sites (zip realty, etc) says “short sale”, but the last recorded sale price is way lower than the current “short sale” asking price, which makes no sense. Often in this situation the county records contain several records of sales where the owner sells the house to himself for $ 0…are these refinancings, someone taking out a home equity loan, what??
Answer:
Answer by hollywoodmelody
The last recorded sale price has nothing to do with current short sale price. A short sale is where the lender is allowing the property to be sold for what is owed on said property.
The county records are always behind (lack of enough assessors) so when they print the report it shows as $ 0. The owner does not sell the house to himself and they are not refinanced or someone has taken out a home equity loan. Where you got that information from is of a concern to me. Remember too that properties you see online are at least 6 months behind as they do not update as often as you think.
Question: whats a short sale in real estate slang?
I’m looking into buying a condo, and several I am interested in say they’re “short sales”. What does that mean?
Answer:
Answer by golferwhoworks
selling for less than what is owed
Question: what’s a “quick sale” in real estate terms?
Answer:
Answer by She She
lol…CASH BUYER!!…ss
Question: What’s a real estate “short sale” through a bank?
Are there different down-payment requirements, etc.?
Answer:
Answer by ranger69t
A short sale is when a home is sold for less than the amount owed on the existing mortgage. Many Banks will accept a short sale rather than insisting on full pruchase. price. Most times the sale price is significantly less that waht is owed.