North Metro Atlanta · Other
What is a short sale?
A short sale happens when a lender agrees to accept less than what's owed on a mortgage as full payoff, letting a homeowner sell for less than the loan balance instead of going through foreclosure. It requires the lender's approval of the sale price and terms before closing, which typically makes the process slower than a standard sale. Both the seller and buyer's agent usually need experience with the extra paperwork and approval steps involved.
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