What are the eligibility requirements for the Making Home Affordable program's short sale assistance?

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 ... A short sale is the sale of a property for less than the total amount of the loan. This type of sale is completed with the lender's cooperation. Nov 25, 2013 ... A short sale, also known as a pre-foreclosure sale, is when a person sells his or her home for less than the balance remaining on the mortgage. 4 days ago ... A short sale happens when a homeowner needs to sell their house but owes more on it than it's currently worth. This often occurs when someone ... A short sale in real estate is an offer of a property at an asking price that is less than the amount due on the current owner's mortgage. Nov 29, 2023 ... A short sale occurs when a homeowner sells their property for less than the remaining mortgage balance, and the mortgage lender agrees to accept ... 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. 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 ... 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 ... The real property transaction falls under the jurisdiction of the Real Estate Commission. The Department of Finance and Real Estate Commission recognize that to ...