Can the seller negotiate the short payoff amount?

Jun 5, 2013 ... WASHINGTON, DC – Fannie Mae (FNMA/OTC) introduced a new tool to help real estate professionals successfully close short sales. Feb 15, 2022 ... Short sales occur when a homeowner owes more on their mortgage loan than what the property is currently worth. For example, if you purchased ... Jun 30, 2014 ... A short sale is a transaction in which a property is sold for less than is owed to the mortgage holder. "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 ... Short sale in real estate refers to a sale of a house when the sale price is less than the outstanding mortgage on the property. Real estate licensees are involved in short sales, where the sales price agreed upon is less than that owed to lenders by the seller. Feb 23, 2024 ... A short sale in real estate happens when the borrower can't cover their mortgage payments and has to sell their home for less than what they owe ... The sale of real estate where the proceeds from the sale of the property provide insufficient funds to pay the existing liens and expenses related to the sale ... 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. The real property transaction falls under the jurisdiction of the Real Estate Commission. The Department of Finance and Real Estate Commission recognize that to ...