Are there any additional fees associated with a short sale?

A short sale involves hiring a Realtor and listing the home on the market for its current value. However, if the mortgage balance exceeds the sales price, the ... A short sale in real estate is an offer of a property at an asking price that is less than the amount due on the current owner's mortgage. A short sale refers to a closing on your home for a purchase price that is less than the payoff on your existing mortgage. Our real estate lawyer based in Shiner and Hallettsville knows how short sales work and will help you determine whether a short sale is your best option. The real property transaction falls under the jurisdiction of the Real Estate Commission. The Department of Finance and Real Estate Commission recognize that to ... Feb 5, 2025 ... The short sale process is a settlement alternative to foreclosure. A homeowner faced with losing their property may sell the home for less than the outstanding ... A short sale is the type of sale you will have to do if you are upside down on your house. If the property's sales value is not enough to pay the loan in full, ... May 8, 2024 ... A short sale involves selling for less than your mortgage balance and is usually better than foreclosure. Find out if a short sale is right ... The applicability of the Maryland MARS Act (the "MD MARS Act") as it relates to short-sales and real estate licensees. Feb 10, 2023 ... A short sale is when a homeowner sells their house for less than they owe on their mortgage. The biggest benefit of a short sale is that the homeowner has a ...