What are the ethical responsibilities of real estate agents in short sales?

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. A “short sale” is a term used to describe a home transaction in which the sale price of a property will not be enough to pay off the existing mortgage(s). 1) A debt management company registration;. 2) A mortgage loan originator license; or. 3) A real estate broker license if they do NOT charge any special fees ... 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 ... 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 ... Apr 23, 2025 ... A short sale is when a homeowner experiencing financial hardship opts to sell their property, with lender approval, for less than the amount ... A short sale is when you sell a property for less than you owe (or need to pay off all liens). In order to do this your lender (or lienholder) needs to approve ... Feb 12, 2024 ... A short sale, which is a type of loss mitigation, is a sale of your home for less than what you owe on your mortgage. A short sale is when a distressed homeowner sells their property for less than the amount due on the mortgage. Feb 15, 2022 ... Short sales occur when a homeowner owes more on their mortgage loan than what the property is currently worth. For example, if you purchased ...