Failure to obtain proper lender approval

... real property; or. (xii) advises or offers advice to an owner of real estate concerning the negotiation or completion of a short sale; and. (B) includes a ... A short sale involves hiring a Realtor and listing the home on the market for its current value. However, if the mortgage balance exceeds the sales price, the ... ... need for real estate and mortgage professionals to provide competent assistance to property owners considering a short sale. A “short sale” is a real estate ... 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 ... Feb 16, 2023 ... A short sale is when a borrower must sell their home and the proceeds are less than the amount owed to pay off the mortgage balance. A short ... Jun 5, 2020 ... Qualify the Property and Seller for a Short Sale · The seller must have no equity in the home. · The seller must be unable to repay the difference ... Nov 6, 2023 ... A short sale home is a property that's sold for an amount lower than the remaining mortgage debt. The sale is named “short” because the lender ... 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 ... The Short Sales and Foreclosures course is specifically designed to show how you, the real estate professional, can serve as a resource for sellers and buyers. Jan 28, 2019 ... During a short sale, the seller has received permission from the bank to sell the home for less than is currently owed on the mortgage. In a ...