How does the timeline of a short sale compare to a traditional sale?

The real property transaction falls under the jurisdiction of the Real Estate Commission. The Department of Finance and Real Estate Commission recognize that to ... Dec 5, 2023 ... A short sale is a type of property transfer that occurs when a property is sold at a lower amount than what the homeowner owes on their mortgage ... The Licensee informs the seller that the seller must either personally negotiate with the lender or hire a Mortgage Assistance Relief Service Provider or a ... 4 days ago ... A short sale happens when a homeowner needs to sell their house but owes more on it than it's currently worth. This often occurs when someone ... A short sale is the sale of a property for less than the total amount of the loan. This type of sale is completed with the lender's cooperation. Jul 31, 2015 ... Short sales are an option for homeowners who are underwater on their mortgage to sell their property, and to avoid going into foreclosure. If I have a property value that was obtained when I evaluated the borrower for other workout options, can I use the same value for the ... Apr 23, 2025 ... A short sale is when a homeowner experiencing financial hardship opts to sell their property, with lender approval, for less than the amount ... A short sale is when a mortgage holder agrees to take less than what is owed by a seller who is having a financial hardship, the home is worth more than market ... At Stone & Britt, LLC, our real estate lawyers based in Wetumpka knows how short sales work and will help you determine whether a short sale is your best ...