short sale 和bank owned 的区别是

来源: va_landlord 于 2009-01-01 07:31:02 [] [博客] [旧帖] [给我悄悄话] 阅读数 : 0 (312 bytes)

Short Sale: The owner is selling at the price "short of" the loan amount and the bank forgives the "short" part. The contract between the buyer and seller has to be approved by the bank.

Bank Owned: It is already foreclosed so the bank is selling it.

It is usually faster to buy the bank owned.

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