How to Avoid PMI on a Short Sale?

Answer A short sale occurs when a mortgage company allows a homeowner to sell his home for less than the loan payoff amount. Private Mortgage Insurance or PMI is implemented to protect a lender in the eve... Read More »

Top Q&A For: How to Avoid PMI on a Short Sale

How do I avoid liquidation of assets in a short sale?

Short sales are increasingly used as a solution to a pending foreclosure. If you sell your house "short" -- for less than the value of the outstanding loan on it -- in effect you owe your lender th... Read More »

How to Avoid Short Sale Dividend Payment?

Short selling, or shorting, is a profitable trading strategy in bear markets. Essentially, you borrow a stock that you do not own to sell at its current market price, then buy it back later at a lo... Read More »

What happens to a judgement balance in a real estate short sale in New York state. If there is no equity in the sale will the judgement be released?

In any state, Judgements are usually filed with a court. In order for the Judgement to be released, someone -- preferably the party that filed the Judgement -- must be satisfied before the Judgemen... Read More »

Short Sale FAQ?

Short sales are attractive to property owners who cannot afford their mortgage payments and lenders who do not want to be saddled with properties acquired through foreclosure. While short sales ca... Read More »