What happens if the lender counter-offers in a short sale?

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. Jan 10, 2023 ... In essence, a short sale is a loss mitigation strategy used to avoid foreclosure. Usually, it occurs when the owner of a mortgaged property ... A short sale involves hiring a Realtor and listing the home on the market for its current value. However, if the mortgage balance exceeds the sales price, the ... In real estate, a short sale is a way for a homeowner to avoid a foreclosure. In both situations, the homeowner is at least several months behind on ... The size of price discounts associated with forced sales of real estate assets remains an unsettled question. ... short sale properties are different from arm's ... A short sale refers to a closing on your home for a purchase price that is less than the payoff on your existing mortgage. Jun 30, 2014 ... A short sale is a transaction in which a property is sold for less than is owed to the mortgage holder. 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 ... May 21, 2024 ... A short sale occurs when a homeowner in dire financial trouble sells their home for less than they owe on the mortgage. The lender collects the ... Jul 23, 2021 ... A short sale in commercial real estate occurs when a borrower sells their property “at a price below the amount outstanding on an existing ...