What is a bank short sale?

Answer The Mortgage Bankers Association estimates an average 250,000 homes enter into foreclosure every three months; this is approximately one in every 200 homes. When faced with a looming foreclosure p... Read More »

Top Q&A For: What is a bank short sale

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 »

What is a bank owned sale?

A bank-owned sale is the sale of property owned by a bank. The property may have been repossessed by the bank, like a house or car, or it may be property that was previously available for lease to ... Read More »

How to Buy a Car on Short Sale?

Buying a car on a short sale means that you are paying the seller less than what he or she owes to the lender. A seller behind in car payments and possibly facing repossession may be motivated to s... Read More »

What does short sale mean?

Short sales are designed to help a borrower avoid foreclosure on a home. Short sales are one choice borrowers should consider if they owe more on their mortgage than the property is worth and they ... Read More »