How can buyers increase their chances of getting a short sale offer accepted?

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. For purposes of this article, a “short sale” transaction occurs when the seller's lender agrees to extinguish the lien for less than the amount due, allowing ... 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 ... 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 ... May 8, 2024 ... A short sale involves selling for less than your mortgage balance and is usually better than foreclosure. Find out if a short sale is right ... "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 ... Jun 5, 2013 ... WASHINGTON, DC – Fannie Mae (FNMA/OTC) introduced a new tool to help real estate professionals successfully close short sales. Oct 10, 2024 ... According to the North Carolina Bar Association, lenders can expect to receive about 84 percent of a property's fair market value in net ... A short sale is one in which the mortgage lender agrees to allow the home to be sold for less than the value of the mortgage. 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 ...