Lender resources and information pages

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. Jul 18, 2022 ... A short sale happens when a homeowner sells real property for less than the full amount owed on the mortgage. The real property transaction falls under the jurisdiction of the Real Estate Commission. The Department of Finance and Real Estate Commission recognize that to ... 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. 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 ... A short sale refers to a closing on your home for a purchase price that is less than the payoff on your existing mortgage. 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 ... A short sale occurs when the payoff loan balance exceeds the possible sales price of a home. If the owner is going to be upside down on the house in the sale ... Oct 10, 2024 ... According to the North Carolina Bar Association, lenders can expect to receive about 84 percent of a property's fair market value in net ... 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.