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short sale

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
short sale
n.
The sale of a security that one does not own but has borrowed in anticipation of making a profit by paying for it after its price has fallen.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.short sale - sale of securities or commodity futures not owned by the seller (who hopes to buy them back later at a lower price)
trading - buying or selling securities or commodities


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This article is written from the perspective of a homeowner that has a need to short sale their home or property The exact process might differ from state to state, Realtor to Realtor, and bank to bank, as there are no absolutes that have been defined for this process This article is written from the perspective of a homeowner that has a need to short sale their home or property.
The average short sale in Santa Fe has taken 220 days from listing to close.
If a homeowner believes that a short sale might be appropriate, they are directed to a secure Internet Web site, where they can obtain more information and select a real estate agent in their community who has received comprehensive training on the short-sale process.
 
 
 
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