How do government-backed short sale programs compare to private lender short sales?

"Short sale" means the sale of real estate that is subject to a mortgage for an amount that is less than the amount owed to the mortgagee on the outstanding ... “Homeowners pursue a short sale when they can no longer pay the mortgage, need to move from the property and want to avoid a foreclosure. With a short sale, the ... Nov 30, 2011 ... A taxpayer other than a C corporation may exclude a discharge of qualified real property business indebtedness from income. 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 ... Court-ordered sale e. Sale in lieu of foreclosure f. Condemnation g. Short sale h. Bank REO (real estate owned) i. Auction sale j. Seller/buyer is a relocation ... 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 ... ... 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 ... The real property transaction falls under the jurisdiction of the Real Estate Commission. The Department of Finance and Real Estate Commission recognize that to ... 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. These forms were created to help, not hinder, the short sale process. The forms are available in the Columbus REALTORS® Member Service Center and via Online ...