Short Sale Information For Sellers

Bill Gassett is a thirty-one year veteran to the real estate industry. He enjoys providing helpful information to buyers, sellers and fellow real estate agents to make sound decisions.

Negotiating a short sale is no easy task; therefore, it is highly suggested that homeowners considering a short sale work with a licensed real estate professional who specializes in short sales.

Naked short selling, or naked shorting, is the practice of short-selling a tradable asset of any kind without first borrowing the security or ensuring that the security can be borrowed, as is conventionally done in a short sale. When the seller does not obtain the shares within the required time frame, the result is known as a "failure to deliver".The transaction generally remains open until …

SHORT SALE INFORMATION FOR SELLERSThe short sale process may take more time than a traditional retail sale to complete and it may be difficult to pin down a firm closing date until the seller’s mortgage lender(s) agrees to the short sale.

In finance, a short sale (also known as a short, shorting, or going short) is the sale of an asset (securities or other financial instrument) that the seller does not own.The seller effects such a sale by borrowing the asset in order to deliver it to the buyer. Subsequently, the resulting short position is "covered" when the seller repurchases the asset in a market transaction and delivers the …

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