Accurate representation of the short sale process

A short sale is when you sell a property for less than you owe (or need to pay off all liens). In order to do this your lender (or lienholder) needs to approve ... Oct 27, 2021 ... Short sales allow you to dispose off the property to recover part of the money owed, before the lender decides on a foreclosure. A short sale is a situation where a homeowner is unable to continue making their mortgage payment and must sell their property when the balance of the mortgage ... Apr 23, 2025 ... A short sale is when a homeowner experiencing financial hardship opts to sell their property, with lender approval, for less than the amount ... A short sale is one in which the mortgage lender agrees to allow the home to be sold for less than the value of the mortgage. Though a short sale is classified as the sale of a distressed property, the home typically remains occupied by the primary resident up until closing. This means ... "Short sale" means the sale of real estate that is subject to a mortgage for an amount that is less than the amount owed to the mortgagee on the outstanding ... Jun 5, 2013 ... WASHINGTON, DC – Fannie Mae (FNMA/OTC) introduced a new tool to help real estate professionals successfully close short sales. Real estate licensees are involved in short sales, where the sales price agreed upon is less than that owed to lenders by the seller. However, in this current real estate market, some banks/lenders are not exercising their foreclosure rights and instead have opted for either “loan ...