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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 ... Our real estate lawyer based in Shiner and Hallettsville knows how short sales work and will help you determine whether a short sale is your best option. 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 27, 2011 ... Short sales are very time-consuming. They require a lot of Paperwork, a lot of phone calls, a lot of negotiating, and a lot of knowledge. In real estate, a short sale is a way for a homeowner to avoid a foreclosure. In both situations, the homeowner is at least several months behind on ... 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. 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 ... Description · This course is the main requirement for the Short Sales and Foreclosure Resource (SFR®) certification. · Please note there is a one-time ... Sep 20, 2024 ... A short sale occurs when the value of your home is less than the mortgage balance, meaning you owe more than the property is currently worth. "Flopping" happens when a short sale lender approves a short sale based on a misrepresentation of the property's value. In a typical flopping fraud, the ...
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