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Kevan Pewitt
Realtor - Broker
Direct: (281)500-7077
Office: (281)550-1100
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You are here: Home / Blog / What does it mean if a listing states it is a short sale?

What does it mean if a listing states it is a short sale?

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Short Sale
Short Sale

A short sale is a situation where a homeowner is attempting to sell a home that is worth less than the amount owed on its existing mortgage with their mortgage lender accepting the loss.  The homeowner’s mortgage holder must approve the sale. It can take an additional 30 to 90 days to obtain the lender approval for a short sale offer.

For More Information or Ask a Question at our Houston Real Estate Buyer FAQ and our  Houston Real Estate Foreclosure FAQ

About Kevan Pewitt

Kevan Pewitt is a real estate broker and Realtor with a 5 Star Client Experience Rating with the Houston Association of Realtors. He received the Five Star Professional Real Estate Award in 2014, 2015, 2016, 2017, 2018 and 2019.

So, if you are looking for an experienced real estate agent with a high client satisfaction rating and a track record of success you should choose Kevan Pewitt to help you buy or sell your next home.

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