Making assumptions about lender motivations

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 a term used to describe a home transaction in which the sale price of a property will not be enough to pay off the existing mortgage(s). the Property at Closing. 48. 49. Page 2. SSA38-2-08. SHORT SALE ADDENDUM TO CONTRACT TO BUY AND SELL REAL ESTATE. Page 2 of 5. 2.4. Short Sale Acceptance. Short ... 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 ... 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 ... What is a short sale in real estate? A short sale is when an individual sells their property for less than is owed on a mortgage. This is usually an ... A short sale is when a distressed homeowner sells their property for less than the amount due on the mortgage. Aug 31, 2022 ... Short sales are a legal sale of a property when a property owner sells the property for less than the amount owed on the mortgage associated ... 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 ... Apr 1, 2022 ... When a homeowner does a short sale they are asking the mortgage lender to settle their debt for less than they owe so that they can sell and ...