Are short sale properties always a good deal for buyers?

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 ... "Flopping" happens when a short sale lender approves a short sale based on a misrepresentation of the property's value. In a typical flopping fraud, the ... Sep 20, 2024 ... A short sale occurs when the value of your home is less than the mortgage balance, meaning you owe more than the property is currently worth. Feb 12, 2024 ... A short sale, which is a type of loss mitigation, is a sale of your home for less than what you owe on your mortgage. The Licensee informs the seller that the seller must either personally negotiate with the lender or hire a Mortgage Assistance Relief Service Provider or a ... Short sale in real estate refers to a sale of a house when the sale price is less than the outstanding mortgage on the property. the Property at Closing. 48. 49. Page 2. SSA38-2-08. SHORT SALE ADDENDUM TO CONTRACT TO BUY AND SELL REAL ESTATE. Page 2 of 5. 2.4. Short Sale Acceptance. Short ... 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 ... Feb 19, 2021 ... This contract involves a “short sale” of the Property. ... The form of this addendum has been approved by the Texas Real Estate Commission for use ... Mar 26, 2024 ... How Does Short Sale Work? · The homeowner cannot make mortgage payments on the home. · The homeowner contacts their mortgage company to explain ...