Why might a lender prefer a short sale over foreclosure?

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 (Short Sale) is a transaction in which any Lien Holder releases its Lien against the. Property and (1) accepts an amount less than the full amount ... What is a short sale in real estate? A short sale is when an individual sells their property for less than is owed on a mortgage. This is usually an ... Oct 10, 2024 ... According to the North Carolina Bar Association, lenders can expect to receive about 84 percent of a property's fair market value in net ... Dec 5, 2023 ... A short sale is a type of property transfer that occurs when a property is sold at a lower amount than what the homeowner owes on their mortgage ... 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 ... 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 ... Jun 11, 2021 ... A short sale is a bitter pill for any homeowner to swallow, but in some situations, it's the best option available. 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 ... 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.