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Home Owners - 5 Things You Need to Know About a "Short Sale"
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Home Owners - 5 Things You Need to Know About a "Short Sale"
Qualify For a Short Sale
Letter of Hardship
Dependent on a Buyer
Tax Consequences
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Page 4 of 5

#4 A short sale is dependent on a buyer making an offer to purchase. If you do not receive an offer, you will not qualify for a short sale. So even if you meet all the other criteria, it is possible that no one will buy the short sale. It is also dependent on the lender accepting the buyer's offer. If the lender rejects the offer, a short sale will not take place.

 
 

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