What are some creative strategies for getting a short sale approved?

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. A short sale is a pre-foreclosure residential real estate transaction where the owner of the mortgage loan, the lender or lien holder (hereinafter sometimes " ... Jun 5, 2013 ... WASHINGTON, DC – Fannie Mae (FNMA/OTC) introduced a new tool to help real estate professionals successfully close short sales. Feb 19, 2025 ... Stay within 10% of market value: While the homeowner needs to extract as much value from the home as possible, it's counterproductive to ... "Short sale" means the sale of real estate that is subject to a mortgage for an amount that is less than the amount owed to the mortgagee on the outstanding ... In a short sale, the bank will work with you and a realtor to ensure that it gets as much money as possible out of the sale. The benefit to the homeowner is ... Feb 5, 2025 ... The short sale process is a settlement alternative to foreclosure. A homeowner faced with losing their property may sell the home for less than the outstanding ... Description · This course is the main requirement for the Short Sales and Foreclosure Resource (SFR®) certification. · Please note there is a one-time ... A short sale refers to a closing on your home for a purchase price that is less than the payoff on your existing mortgage. Nov 30, 2011 ... A taxpayer other than a C corporation may exclude a discharge of qualified real property business indebtedness from income.