How long does it take for a lender to respond to a short sale offer?

Apr 1, 2025 ... A short sale is where a homeowner sells their home for less than the amount they owe on their mortgage, with lender approval, to avoid ... 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. "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 ... A qualified real estate professional will be able to show you short-sale homes, help negotiate the purchase when you find the property you want to buy, and. In a nutshell, a short sale is when a seller is attempting to sell their property where the proceeds from the sale will be less than what is owned to their ... 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. The sale of real estate where the proceeds from the sale of the property provide insufficient funds to pay the existing liens and expenses related to the sale ... Jan 28, 2019 ... During a short sale, the seller has received permission from the bank to sell the home for less than is currently owed on the mortgage. In a ... The Short Sales and Foreclosures course is specifically designed to show how you, the real estate professional, can serve as a resource for sellers and buyers. ... real property; or. (xii) advises or offers advice to an owner of real estate concerning the negotiation or completion of a short sale; and. (B) includes a ...