-->

Contingent Short Sale Definition


-->

Contingent Short Sale Definition. In a short sale, the seller's financial situation necessitates selling the property for less than the outstanding mortgage balance. Short sales have contingencies that must be met before closing.

16+ Contingent home sale meaning information
16+ Contingent home sale meaning information from reviwblog.netlify.app

Short sales are a specific type of contingent property listing commonly seen in real estate. In a short sale, the seller's financial situation necessitates selling the property for less than the outstanding mortgage balance. A short sale contingency clause allows a buyer to make their purchase offer dependent on the seller successfully completing a short sale with their.

-->

16+ Contingent home sale meaning information

Short sales are set up to facilitate a home sale when the mortgage balance. A short sale contingency clause allows a buyer to make their purchase offer dependent on the seller successfully completing a short sale with their. In real estate, contingent indicates a seller has accepted a buyer’s offer on their house, but the offer includes certain criteria — called contingencies — that must be met before the sale can be finalized. In the multiple listing services in northern california, once a seller has accepted a short sale offer, that listing can be placed into a status called active short contingent. it's supposed to let other agents know that the home is no longer for sale because an offer has been accepted.

-->