Can I get a mortgage for a short sale property?

"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 ... A short sale occurs when a property is sold for less than what is owed on the mortgage with the lender's approval. This course provides with a deep understanding and knowledge about Short Sales, Foreclosure, and their impact on real estate clients. 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. These forms were created to help, not hinder, the short sale process. The forms are available in the Columbus REALTORS® Member Service Center and via Online ... 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 occurs when the payoff loan balance exceeds the possible sales price of a home. If the owner is going to be upside down on the house in the sale ... Feb 27, 2011 ... Short sales are very time-consuming. They require a lot of Paperwork, a lot of phone calls, a lot of negotiating, and a lot of knowledge. 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). 1) A debt management company registration;. 2) A mortgage loan originator license; or. 3) A real estate broker license if they do NOT charge any special fees ...