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At Stone & Britt, LLC, our real estate lawyers based in Wetumpka knows how short sales work and will help you determine whether a short sale is your best ... 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 ... Jan 10, 2023 ... In essence, a short sale is a loss mitigation strategy used to avoid foreclosure. Usually, it occurs when the owner of a mortgaged property ... Jun 5, 2020 ... Qualify the Property and Seller for a Short Sale · The seller must have no equity in the home. · The seller must be unable to repay the difference ... Dec 5, 2024 ... A short sale is when the borrower or homeowner sells a property for less than what they owe on it. They're “short” on the amount to be repaid to the bank. Dec 5, 2023 ... A short sale is a type of property transfer that occurs when a property is sold at a lower amount than what the homeowner owes on their mortgage ... Short sale properties are sold 'as is', which means the sellers won't do any improvements or act upon any issues found during a home inspection. For purposes of this article, a “short sale” transaction occurs when the seller's lender agrees to extinguish the lien for less than the amount due, allowing ... The size of price discounts associated with forced sales of real estate assets remains an unsettled question. ... short sale properties are different from arm's ... Q: What is a short sale? A: A short sale is a real estate transaction in which you sell your house and your mortgage lender agrees to accept a price less ...