Can I buy another house after a short sale?

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 ... Oct 10, 2024 ... According to the North Carolina Bar Association, lenders can expect to receive about 84 percent of a property's fair market value in net ... Jan 11, 2017 ... A short sale is completed when your property is sold at a reduced value to help avoid having the house go into foreclosure. In a short sale, ... A short sale is the sale of a property for less than the total amount of the loan. This type of sale is completed with the lender's cooperation. Jun 19, 2023 ... Our Pompano Beach real estate lawyer helps clients address complex legal matters related to a short sale. Call 754-332-2101 for an initial ... 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 ... Real estate licensees are involved in short sales, where the sales price agreed upon is less than that owed to lenders by the seller. A “short sale” is a term used to describe a home transaction in which the sale price of a property will not be enough to pay off the existing mortgage(s). 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 ... A short sale is when a distressed homeowner sells their property for less than the amount due on the mortgage.