Ignoring the impact on credit score

A short sale occurs when a property is sold for less than what is owed on the mortgage with the lender's approval. A Short Sale (Short Sale) is a transaction in which any Lien Holder releases its Lien against the. Property and (1) accepts an amount less than the full amount ... Description · This course is the main requirement for the Short Sales and Foreclosure Resource (SFR®) certification. · Please note there is a one-time ... 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 ... 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 ... 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. For purposes of this article, a “short sale” transaction occurs when the seller's lender agrees to extinguish the lien for less than the amount due, allowing ... 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 ... 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 ... Feb 19, 2021 ... This contract involves a “short sale” of the Property. ... The form of this addendum has been approved by the Texas Real Estate Commission for use ...