How does a short sale affect co-borrowers on the mortgage?

Feb 23, 2024 ... A short sale in real estate happens when the borrower can't cover their mortgage payments and has to sell their home for less than what they owe ... "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 ... A “short sale” is a term used to describe a home transaction in which the sale price of a property will not be enough to pay off the existing mortgage(s). Jun 19, 2023 ... Our Pompano Beach real estate lawyer helps clients address complex legal matters related to a short sale. Call 754-332-2101 for an initial ... 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 ... 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 ... 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 ... A short sale is the type of sale you will have to do if you are upside down on your house. If the property's sales value is not enough to pay the loan in full, ... Jan 10, 2023 ... In essence, a short sale is a loss mitigation strategy used to avoid foreclosure. Usually, it occurs when the owner of a mortgaged property ... Q: What is a short sale? A: A short sale is a real estate transaction in which you sell your house and your mortgage lender agrees to accept a price less ...