What happens if the lender counter-offers?

Dec 5, 2024 ... A short sale is when the borrower or homeowner sells a property for less than what they owe on it. They're “short” on the amount to be repaid to the bank. In a nutshell, a short sale is when a seller is attempting to sell their property where the proceeds from the sale will be less than what is owned to their ... A short sale is where the lender agrees to let you sell your property for less than the amount you owe on the loan to satisfy the debt in full to avoid ... “Homeowners pursue a short sale when they can no longer pay the mortgage, need to move from the property and want to avoid a foreclosure. With a short sale, 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 ... May 8, 2024 ... A short sale involves selling for less than your mortgage balance and is usually better than foreclosure. Find out if a short sale is right ... A short sale is when a distressed homeowner sells their property for less than the amount due on the mortgage. Feb 10, 2023 ... A short sale is when a homeowner sells their house for less than they owe on their mortgage. The biggest benefit of a short sale is that the homeowner has a ... A short sale offers a way for a seller and a mortgage lender to avoid foreclosing on a home. Essentially, the lender agrees to accept less than the full ... 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 ...