Will technology play an increasingly important role in the short sale process?

A short sale refers to a closing on your home for a purchase price that is less than the payoff on your existing mortgage. 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 ... The sale of real estate where the proceeds from the sale of the property provide insufficient funds to pay the existing liens and expenses related to the sale ... Nov 25, 2013 ... A short sale, also known as a pre-foreclosure sale, is when a person sells his or her home for less than the balance remaining on the mortgage. Real estate licensees are involved in short sales, where the sales price agreed upon is less than that owed to lenders by the seller. Feb 10, 2023 ... A short sale is when a homeowner sells their house for less than they owe on their mortgage. The biggest benefit of a short sale is that the homeowner has a ... 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 occurs when a property is sold for less than what is owed on the mortgage with the lender's approval. "Short sale" means the sale of real estate that is subject to a mortgage for an amount that is less than the amount owed to the mortgagee on the outstanding ... A short sale offers a way for a seller and a mortgage lender to avoid foreclosing on a home. Essentially, the lender agrees to accept less than the full ...