Believing misinformation about short sales

Nov 25, 2013 ... A short sale, also known as a pre-foreclosure sale, is when a person sells his or her home for less than the balance remaining on the mortgage. Description · This course is the main requirement for the Short Sales and Foreclosure Resource (SFR®) certification. · Please note there is a one-time ... Jun 30, 2014 ... A short sale is a transaction in which a property is sold for less than is owed to the mortgage holder. 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 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 occurs when a homeowner sells their property for less than what they owe on their mortgage. For sellers, it's a way to ... 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 ... A short sale can be a viable alternative to a foreclosure for debtors with nonrecourse debt and who qualify for certain exclusions. Be aware, however, that the ... 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. Apr 1, 2025 ... A short sale is where a homeowner sells their home for less than the amount they owe on their mortgage, with lender approval, to avoid ...