Categories > Reno Tahoe Condo and Townhome Short Sales
When an owner owes more to the lender than a property is worth, the only way to sell a property is to pay cash on the shortfall, or ask the bank for a reduced payoff on the loan, called a short sale.
Short sales must be approved by the lender, so these types of sales can be a little more complicated and take longer than a traditional sale. The price on the listing is often not yet approved by the lender, so buyers may be faced with a new price negotiation during the escrow period.
Over the last 90 days there have been no sales in Reno Short Sale Condos.
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Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.
Last Updated: 2023-12-07