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Home >> Stock Forums >> Short Sales

Short Sales

MidMich said: "Can anyone explain the concept of short sales?"

Aligator said: "[QUOTE=MidMich;68822]Can anyone explain the concept of short sales?[/QUOTE] "He who sells what isn't hiz'n must buy it back or go to prison" So I borrow stock from a broker. I sell the stock. When it goes lower I buy it back and give it back to the broker. But I've never heard of this in real estate."

duck_oil said: "This article explains short selling a house: [url]http://www.businessweek.com/the_thread/hotproperty/archives/2007/03/the_new_exit_st.html[/url] If you're in a situation where you are facing foreclosure and owe more than the value of your house, a bank may be willing to allow you sell your house, give the bank the money and call it even."

AlfredSokol said: "I really have never heard of this. Sort of interesting."