What is the role of a real estate agent in a short sale?

Dec 10, 2010 ... A short sale is a real estate transaction in which the sales price is insufficient to pay the debt(s) and obligations encumbering the ... Feb 27, 2011 ... Short sales are very time-consuming. They require a lot of Paperwork, a lot of phone calls, a lot of negotiating, and a lot of knowledge. A short sale occurs when a property is sold for less than what is owed on the mortgage with the lender's approval. Short Sales ... A short sale in real estate takes place when the lender (e.g., bank, Mortgage Company) agrees to accept less than the remaining balance on the ... "Flopping" happens when a short sale lender approves a short sale based on a misrepresentation of the property's value. In a typical flopping fraud, the ... Mar 1, 2021 ... A short sale is a home sale where the seller / owner is underwater on their mortgage. That means the value of the home is less than the outstanding mortgage ... A qualified real estate professional will be able to show you short-sale homes, help negotiate the purchase when you find the property you want to buy, and. 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 ... 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 occurs when the payoff loan balance exceeds the possible sales price of a home. If the owner is going to be upside down on the house in the sale ...