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Feb 16, 2023 ... A short sale is when a borrower must sell their home and the proceeds are less than the amount owed to pay off the mortgage balance. A short ... Jan 9, 2025 ... A short sale in real estate occurs when a homeowner sells their property for less than the remaining balance on their mortgage. Mar 26, 2024 ... How Does Short Sale Work? · The homeowner cannot make mortgage payments on the home. · The homeowner contacts their mortgage company to explain ... Mar 21, 2025 ... A short sale happens when a homeowner sells their house or other piece of real estate for less than they owe on their mortgage to avoid foreclosure. 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. May 21, 2024 ... A short sale occurs when a homeowner in dire financial trouble sells their home for less than they owe on the mortgage. The lender collects the ... Dec 10, 2010 ... A short sale is a real estate transaction in which the sales price is insufficient to pay the debt(s) and obligations encumbering the ... A short sale can be a viable alternative to a foreclosure for debtors with nonrecourse debt and who qualify for certain exclusions. Be aware, however, that the ... A short sale is when a distressed homeowner sells their property for less than the amount due on the mortgage. Jul 18, 2022 ... A short sale happens when a homeowner sells real property for less than the full amount owed on the mortgage.