Allison Norman's (allisonnorman) Blog

Anatomy of a Short Sale, What is a Short Sale? In a nut shell;  A "Short Sale" is when you sell your house for less than what you owe. In doing so, you are asking the bank to forgive the balance and show the sale as "paid as agreed".  This takes quite a bit of negotiating which is where your Real...

Anatomy of a Short Sale ~ BuyerWhat does a short sale mean to the buyer?The issue in a "Short Sale"  for a buyer is more an issue of time and uncertainty. The typical short sale takes anywhere from 60 to more than 180 days. This requires a knowledgeable Realtor on the Seller side as well as the B...