What is the role of the seller in a short sale?

A short sale is a situation where a homeowner is unable to continue making their mortgage payment and must sell their property when the balance of the mortgage ... A short sale is one in which the mortgage lender agrees to allow the home to be sold for less than the value of the mortgage. The Short Sales and Foreclosures course is specifically designed to show how you, the real estate professional, can serve as a resource for sellers and buyers. A short sale occurs when a homeowner sells their property for less than what they owe on their mortgage. For sellers, it's a way to ... Real estate licensees are involved in short sales, where the sales price agreed upon is less than that owed to lenders by the seller. Nov 6, 2023 ... A short sale home is a property that's sold for an amount lower than the remaining mortgage debt. The sale is named “short” because the lender ... "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 ... Feb 19, 2021 ... This contract involves a “short sale” of the Property. ... The form of this addendum has been approved by the Texas Real Estate Commission for use ... Jul 31, 2015 ... Short sales are an option for homeowners who are underwater on their mortgage to sell their property, and to avoid going into foreclosure. 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 ...