Your Real Estate Chalk Talk: Recent Comments 2010-03-14T12:26:57Z http://yourrealestatechalktalk.com/comments/atom.aspx Quick Blogcast Comment on Banks Making Short Sales Tougher tag:yourrealestatechalktalk.com,2009-10-14:2495676 Keith Hittner Sr. 2009-10-14T22:10:50Z 2009-10-14T22:10:50Z Short sale is when the home has a value less than the mortgage amount. When this type of property is sold ther is a negotiation with the lender to take less than what is owed in exchange for a release of the lien on the property.<BR><BR>Thus the payment is "short" of the loan amount.<BR><BR>KHH Comment on Banks Making Short Sales Tougher tag:yourrealestatechalktalk.com,2009-10-12:2491474 Leslie Hittner 2009-10-13T03:08:07Z 2009-10-13T03:08:07Z So...what exactly is a short sale?