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Apr 1, 2022 ... When a homeowner does a short sale they are asking the mortgage lender to settle their debt for less than they owe so that they can sell and ... "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 ... For purposes of this article, a “short sale” transaction occurs when the seller's lender agrees to extinguish the lien for less than the amount due, allowing ... Jan 9, 2025 ... A short sale in real estate occurs when a homeowner sells their property for less than the remaining balance on their mortgage. A short sale can be a viable alternative to a foreclosure for debtors with nonrecourse debt and who qualify for certain exclusions. Be aware, however, that the ... Jun 19, 2023 ... Our Pompano Beach real estate lawyer helps clients address complex legal matters related to a short sale. Call 754-332-2101 for an initial ... A short sale is the sale of the home for less than the balance remaining on the mortgage. In a short sale, a borrower can sell the home and pay off a portion ... Though a short sale is classified as the sale of a distressed property, the home typically remains occupied by the primary resident up until closing. This means ... 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. A short sale is a pre-foreclosure residential real estate transaction where the owner of the mortgage loan, the lender or lien holder (hereinafter sometimes " ...
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