sell short. 1. contract for the sale of securities or commodities one expects to own at a later date and at a lower price, as in selling short runs the risk of a market rise, forcing one to pay more than one expected. 2. sell someone short. Underestimate the true value or worth of someone, as in Don’t sell her short; she’s a very able lawyer.
A mortgage short sale is the sale of a property by a financially distressed borrower for less than the outstanding mortgage balance due where the proceeds from the sale will be used to repay the.
Short-Sale Rule: A Securities and exchange commission (sec) trading regulation that restricted short sales of stock from being placed on a downtick in the market price of the shares. Short sales.
The right NJ Short Sale specialist will usually have many cash buyers so you will be able to get an offer right away, and sell your property in NJ "as is" without having to make any repairs Once an offer is accepted, a contract will be drawn up by your Short Sale Agent to finalize the agreement.
If your home has been sold or is about to be sold, you must move – but read on. You will have to move after a Sheriff Sale. When the time finally comes after you have tried everything you could try to save your home and your home is sold at a Sheriff Sale in New Jersey, the home is no longer yours and its time to think about moving.
If you got this far in reading, I thank you and am confirming that we are doing short sales in real estate deals – but NOT your typical SFHs at 81% of the BPO. We leave these for the retail buyers while we circle in the water waiting for these very failed short sale deals to become REOs.
In my own short sale, we priced the house pretty low and got an offer very quickly. You need a buyer that is willing to stick around for a super long closing or changes to the agreement. In my case, it took almost 4 months from when we got the offer to when the closing took place.