Failing to explore all alternatives

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 ... Dec 10, 2010 ... A short sale is a real estate transaction in which the sales price is insufficient to pay the debt(s) and obligations encumbering 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. 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. Oct 27, 2021 ... Short sales allow you to dispose off the property to recover part of the money owed, before the lender decides on a foreclosure. Mar 25, 2025 ... A short sale is when a mortgage lender allows a homeowner to sell their home for less than what they owe on the mortgage. · You won't profit from ... 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 ... Aug 31, 2022 ... Short sales are a legal sale of a property when a property owner sells the property for less than the amount owed on the mortgage associated ... Feb 12, 2024 ... A short sale, which is a type of loss mitigation, is a sale of your home for less than what you owe on your mortgage. 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, ...