What is your experience with 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. Mar 25, 2025 ... A short sale is when a mortgage lender allows a homeowner to sell their home for less than what they owe on the mortgage. · You won't profit from ... "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 ... 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. Jun 5, 2020 ... Qualify the Property and Seller for a Short Sale · The seller must have no equity in the home. · The seller must be unable to repay the difference ... Short sale properties are sold 'as is', which means the sellers won't do any improvements or act upon any issues found during a home inspection. The real property transaction falls under the jurisdiction of the Real Estate Commission. The Department of Finance and Real Estate Commission recognize that to ... 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 ... Short sale in real estate refers to a sale of a house when the sale price is less than the outstanding mortgage on the property. A short sale is when a mortgage holder agrees to take less than what is owed by a seller who is having a financial hardship, the home is worth more than market ...