How can real estate professionals provide empathetic support to clients going through a short sale?

This course provides with a deep understanding and knowledge about Short Sales, Foreclosure, and their impact on real estate clients. Dec 5, 2024 ... A short sale is when the borrower or homeowner sells a property for less than what they owe on it. They're “short” on the amount to be repaid to the bank. 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. A short sale is a pre-foreclosure residential real estate transaction where the owner of the mortgage loan, the lender or lien holder (hereinafter sometimes " ... 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. The real property transaction falls under the jurisdiction of the Real Estate Commission. The Department of Finance and Real Estate Commission recognize that to ... 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. 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 ... In real estate, a short sale is a way for a homeowner to avoid a foreclosure. In both situations, the homeowner is at least several months behind on ... Nov 25, 2013 ... A short sale, also known as a pre-foreclosure sale, is when a person sells his or her home for less than the balance remaining on the mortgage.