Do junior lienholders need to approve a short sale?

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 ... 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 ... A short sale is where the lender agrees to let you sell your property for less than the amount you owe on the loan to satisfy the debt in full to avoid ... 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 ... A short sale is defined as a type of real estate sale where money received from selling the property will be insufficient – ie, fall short – to completely pay ... 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 ... 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 ... A short sale refers to a closing on your home for a purchase price that is less than the payoff on your existing mortgage. Our real estate lawyer based in Shiner and Hallettsville knows how short sales work and will help you determine whether a short sale is your best option. Jun 11, 2021 ... A short sale is a bitter pill for any homeowner to swallow, but in some situations, it's the best option available.