Connect with us

Hi, what are you looking for?

Money Management

Finance Terms 101: Short Sale


 

The Skinny on Short Sales

Finance can be a bit tough to handle especially when it comes paired with dreaded terminology. However, have no fear because we’re here to help break down this consuming and complicated terminology for you and make it as simple as pie. Let’s start with the term short sale. What is a short sale you ask?

Well, a short sale is when a lender of a mortgage is allowing the owner of a home to sell that property for an amount that’s less than what they really owe. A real estate short sale occurs when the lender and borrower decide that selling the property and absorbing a moderate loss is preferable to having the borrower default on the loan. Make sense?

It’s easy, you’re almost a pro now! For more on short sales and to become a guru in finance terminology, check out the videos above.

https://www.casho.la/wp-admin/options-general.php?page=ad-inserter.php&start=1#tab-4

You May Also Like

News

In the past year, Peloton, manufacturers of stationary exercise bicycles and treadmills, has been experiencing some severe financial difficulties. The company went through a...

News

While the ongoing supply chain problems affecting the global economy have had the expected effects, they’ve also had some decidedly unexpected effects. Specifically, many...

News

As gas prices continue to rise and consumer confidence drops, not to mention the ongoing war in Ukraine, the European economy is taking a...

News

As the environmental need for electric vehicles becomes more pressing, and the car-buying public becomes more eager for them, automotive manufacturers are getting ready...

News

This morning, Coinbase CEO Brian Armstrong sent a mass email out to his company informing everyone that, as stock and crypto prices slip and...

News

Last week, a former cybersecurity expert for Twitter, Peiter “Mudge” Zatko, released a whistleblower report on the social platform. In his report, Zatko cited...

News

Zelle is a peer-to-peer payment app and service that can be used by individuals to send and receive money, in a similar vein to...

News

Earlier this week, following the third-term victory of Chinese President Xi Jinping, market shares in Hong Kong experienced a sudden, violent sell-off. Xi’s controversial...