Your Real Estate Chalk Talk: Recent Commentshttp://yourrealestatechalktalk.comQuick BlogcastComment on Banks Making Short Sales Tougherhttp://yourrealestatechalktalk.com/2009/10/09/banks-making-short-sales-tougher.aspx#comment-2495676Short 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>KHHKeith Hittner Sr.2009-10-14T22:10:50ZComment on Banks Making Short Sales Tougherhttp://yourrealestatechalktalk.com/2009/10/09/banks-making-short-sales-tougher.aspx#comment-2491474So...what exactly is a short sale?Leslie Hittner2009-10-13T03:08:07Z