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Real Estate Investing Forums | Real Estate Investing | Foreclosures, Short Sales, Tax Foreclosures (Moderators: $Cash$, Mdhaas) | Differences btw Short Sales / Foreclosures?
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Author Topic: Differences btw Short Sales / Foreclosures?  (Read 1342 times)

Offline NYCJACK

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Differences btw Short Sales / Foreclosures?
« on: February 26, 2007, 04:37:36 pm »
Thank you for your assistance
Greatly appreciated
Jack Kresge
« Last Edit: February 27, 2007, 12:43:29 pm by kdhastedt »
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Offline reiauctions

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Re: Differences btw Short Sales / Foreclosures?
« Reply #1 on: February 27, 2007, 11:38:54 am »
A short sale is when you get the lender to agree on a discount on how much is owed on a property.

A foreclosure is when the bank takes back the property and it goes to public auction for sale.
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