What are the lender's alternative options to a short sale?

Real estate licensees are involved in short sales, where the sales price agreed upon is less than that owed to lenders by the seller. 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 ... A short sale occurs when a property is sold for less than what is owed on the mortgage with the lender's approval. For purposes of this article, a “short sale” transaction occurs when the seller's lender agrees to extinguish the lien for less than the amount due, allowing ... 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 ... 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 ... Apr 1, 2025 ... A short sale is where a homeowner sells their home for less than the amount they owe on their mortgage, with lender approval, to avoid ... 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 " ... Aug 31, 2022 ... Short sales are a legal sale of a property when a property owner sells the property for less than the amount owed on the mortgage associated ... Mar 26, 2024 ... How Does Short Sale Work? · The homeowner cannot make mortgage payments on the home. · The homeowner contacts their mortgage company to explain ...