What are the different types of short sales?

If I have a property value that was obtained when I evaluated the borrower for other workout options, can I use the same value for the ... 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. Though a short sale is classified as the sale of a distressed property, the home typically remains occupied by the primary resident up until closing. This means ... Short sale in real estate refers to a sale of a house when the sale price is less than the outstanding mortgage on the property. May 8, 2024 ... A short sale involves selling for less than your mortgage balance and is usually better than foreclosure. Find out if a short sale is right ... Real estate licensees are involved in short sales, where the sales price agreed upon is less than that owed to lenders by the seller. Jan 28, 2019 ... During a short sale, the seller has received permission from the bank to sell the home for less than is currently owed on the mortgage. In a ... 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 ... 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 " ... ... need for real estate and mortgage professionals to provide competent assistance to property owners considering a short sale. A “short sale” is a real estate ...