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asked 9 months ago
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I imagine it would be like a garage sale. Only one would be selling shorts. You may want to wash and iron them as this would be more attractive to buyers. Cheers
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It's simply a property sale where the purchase price is less than the amount owed on the home, thus being "short" the payoff amount. There are some answers to common short sale questions at short sale FAQ. The seller is asking the lender they owe money to to take less than the pay-off amount as payment in full.
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