What are the potential scams related to short sales?

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. Dec 5, 2023 ... A short sale is a type of property transfer that occurs when a property is sold at a lower amount than what the homeowner owes 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). A short sale can be a viable alternative to a foreclosure for debtors with nonrecourse debt and who qualify for certain exclusions. Be aware, however, that the ... The applicability of the Maryland MARS Act (the "MD MARS Act") as it relates to short-sales and real estate licensees. 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 ... The real property transaction falls under the jurisdiction of the Real Estate Commission. The Department of Finance and Real Estate Commission recognize that to ... Feb 23, 2024 ... A short sale in real estate happens when the borrower can't cover their mortgage payments and has to sell their home for less than what they owe ... 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 ... 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.