Is a short sale the right option for me?

Though a short sale is classified as the sale of a distressed property, the home typically remains occupied by the primary resident up until closing. This means ... 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 ... The applicability of the Maryland MARS Act (the "MD MARS Act") as it relates to short-sales and real estate licensees. Real estate licensees are involved in short sales, where the sales price agreed upon is less than that owed to lenders by the seller. Oct 27, 2021 ... Short sales allow you to dispose off the property to recover part of the money owed, before the lender decides on a foreclosure. 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. 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 ... A short sale is when a distressed homeowner sells their property for less than the amount due on the mortgage. This course provides with a deep understanding and knowledge about Short Sales, Foreclosure, and their impact on real estate clients. Nov 29, 2023 ... A short sale occurs when a homeowner sells their property for less than the remaining mortgage balance, and the mortgage lender agrees to accept ...