Northside Piers Short Sale

I work in finance and I'm embarassed to say that I don't know what a short sale is. I know what a short sale is with bonds or stocks, but I don't know what a short sale in real estate is.

Thanks

it means the owner was too short to meet the height requirment to take the building elevator and now has to sell the unit.

sam - youdathunk the owners would have read the sign at the entrance stating clearly that "You must be this tall to buy an overpriced unit in this development."

minocqua - a short sale is one in which the proceeds fall short of the balance owed on the property's loan.