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Differences btw Short Sales / Foreclosures?
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Topic: Differences btw Short Sales / Foreclosures? (Read 1342 times)
NYCJACK
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Posts: 2
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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reiauctions
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Posts: 888
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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