What questions should I ask a real estate attorney about a short sale?

Oct 16, 2022 ... While a seller typically pays all real estate agent commissions and other closing costs, in a short sale the seller pays nothing; the lender or ... Jan 11, 2017 ... A short sale is completed when your property is sold at a reduced value to help avoid having the house go into foreclosure. In a short sale, ... Jan 10, 2024 ... In a short sale, the seller forfeits all negotiation power on the sales price of the property and does not see any of the proceeds from the sale ... Feb 19, 2025 ... Stay within 10% of market value: While the homeowner needs to extract as much value from the home as possible, it's counterproductive to ... 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 ... 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 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 ... Mar 21, 2025 ... A short sale happens when a homeowner sells their house or other piece of real estate for less than they owe on their mortgage to avoid 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 ... Short Sale Seller Advisory. Questions? Review our frequently asked questions about the consumers process and more.