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steve8miller

steve8miller

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Submitted 706 days ago...

ClaireBleu

ClaireBleu

Brain (4,589)

What is a "quick sale" in real estate?

What is the difference between a "quick sale" and a "short sale", when it comes to homes that are in foreclosure? Thanks!

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Answer 1 / 3 - Submitted 705 days ago...

ClaireBleu

ClaireBleu

Brain (4,589)

What are the differences between a short sale and a quick sale, in connection with a property that may be headed for foreclosure?

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Answer 2 / 3 - Submitted 705 days ago...

steve8miller

steve8miller

Brain (6,815)

Good question. A quick sale is something an investor does. Moreover when the seller is motivated to sell their property quickly. While a short sale is the short fall amount the lender will accept and receive, basically they make their house more marketable to stop their foreclosure. Hope this helps.


This answer was edited by steve8miller 638 days ago.

Reason: there thier always lol

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Answer 3 / 3 - Submitted 705 days ago...

steve8miller

steve8miller

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Okay more info for you. A short sale is usually conducted for less money than is owed in the first place.
Then the quick sale is where the seller wants to get rid quickly even if they lose money just so it happens quicker. Hope this better helps you.

 

This Question was awarded 627 days ago therefore you can no longer post an Answer. However you may post a comment below.

 
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Submitted 693 days ago...

steve8miller

steve8miller

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Glad I could help you.

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