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Short Sale Offer

In order to successfully make a short sale, there must be a buyer involved. The short sale offer is the amount suggested to the lender and buyer at which the house would be sold through short sale. The seller must also find a buyer to accept the short sale offer. When the offer is put forward to the lender, it usually must meet certain requirements. First, it is normally required that the person requesting a short sale has already missed at least a few payments. In addition, some lenders may require that a notice of default has been issued. Another standard requirement is that the seller finds a buyer. Without a person to accept the short sale offer and buy the property, the lender is not ensured to be provided with the money, and would therefore be at a loss if a buyer cannot be found.

Fast Facts

  • Short sakes account for up to 15 percent of sales in some markets

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Results 1-5 of 107 for "short sale offer"

  • How a Short Sale Works

    A short sale occurs when the borrower owes more on their mortgage than the current market value of their prope...
    • Site: foreclosurelawfirms.com
    • 7 of 9 user(s) found this useful

  • What is a Short Sale?

    A short sale in real estate happens when you are selling your home and your mortgage lender agrees to allow th...
    • Site: foreclosurelawfirms.com

  • How Do You Qualify for a Short Sale?

    If you are upside down on your mortgage because you owe your lender more than your home is worth, and you need...
    • Site: foreclosurelawfirms.com

  • Can an Attorney Negotiate a Short Sale with my Lender?

    If you are thinking about doing a short sale, you might want to hire a foreclosure defense attorney to handle ...
    • Site: foreclosurelawfirms.com

  • Foreclosure Proceeding and Defense During Short-Sale

    Once your short-sale package is complete and properly submitted, your lender will take approximately 30-45 day...
    • By: Sarah Peart
    • Site: realestatelawyers.com
    • 6 of 8 user(s) found this useful

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