Trascritto
Foreclosure VS Short Sale - The Differences!
20 lug 2026 ·
3 min. 9 sec.
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Foreclosure VS Short Sale - The Differences!
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Descrizione
You know, people talk about buying foreclosures or buying a short sale. So what exactly does that mean? Well, pretty much everyone knows what a foreclosure is. That’s something where...
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You know, people talk about buying foreclosures or buying a short sale.
So what exactly does that mean?
Well, pretty much everyone knows what a foreclosure is. That’s something where the banks — who held a mortgage on the property — have the ability to collect that mortgage and foreclose on the property and title now belongs to the bank.
That’s very important because when a foreclosure happens and the bank has the title that means when you buy it you get a clear title.
Now, I wanted to tell you a little bit about a short sale because that’s the complicated one and that’s something you should be aware of.
When you are thinking about looking at a home that is in a short sale situation, chances are it will be listed and programmed in the MLS as being a short sale.
What does that mean? Discover more about short sales and foreclosures by listening to this short Berger Point!
Join me on Substack for the latest Berger Points ---> https://bergerpoints.substack.com
Download my 1st Time Home Buyers Guide for FREE --> https://bergerpoints.com
Join me on Substack for the latest Berger Points ---> https://bergerpoints.substack.com
Download my 1st Time Home Buyers Guide for FREE --> https://bergerpoints.com
mostra meno
So what exactly does that mean?
Well, pretty much everyone knows what a foreclosure is. That’s something where the banks — who held a mortgage on the property — have the ability to collect that mortgage and foreclose on the property and title now belongs to the bank.
That’s very important because when a foreclosure happens and the bank has the title that means when you buy it you get a clear title.
Now, I wanted to tell you a little bit about a short sale because that’s the complicated one and that’s something you should be aware of.
When you are thinking about looking at a home that is in a short sale situation, chances are it will be listed and programmed in the MLS as being a short sale.
What does that mean? Discover more about short sales and foreclosures by listening to this short Berger Point!
Join me on Substack for the latest Berger Points ---> https://bergerpoints.substack.com
Download my 1st Time Home Buyers Guide for FREE --> https://bergerpoints.com
Join me on Substack for the latest Berger Points ---> https://bergerpoints.substack.com
Download my 1st Time Home Buyers Guide for FREE --> https://bergerpoints.com
Informazioni
| Autore | Berger Points Broadcast |
| Organizzazione | Chris Berger |
| Sito | - |
| Tag |
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