What is a mortgage short sale
What is a mortgage short sale?
A short sale occurs when the mortgage lender accepts less than the full amount owed on the home as a payoff. It can be a useful way to avoid bankruptcy or foreclosure, but it's often a difficult an...
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http://www.answerbag.com/q_view/1981033
Does a short sale eliminate a second mortgage?
A short sale does not eliminate a second mortgage unless the sales price covers the amount owed. If a balance is still owed after the short sale, the second mortgage lender may seek a deficiency ju...
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http://www.answerbag.com/q_view/2209731
What Happens to a Second Mortgage on a Short Sale of a Home?
A short sale is a negotiation with a mortgage company for a homeowner to sell a home short of the total amount that he owes. Short sales are common for homeowners with little to no equity in a prop...
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http://www.ehow.com/about_6537280_happens-mortgage-short-sale-home_.html
How to Qualify for an FHA Mortgage After a Short Sale?
Qualifying for an FHA mortgage after a mortgage short sale is possible. But your ability to get a mortgage insured by the Federal Housing Administration depends largely on how you managed your prev...
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http://www.ehow.com/how_8507273_qualify-mortgage-after-short-sale.html
How to Make a Mortgage Company Forgive a Debt With Short Sale?
The very nature of a short sale leaves you still owing money to your mortgage lender. When a lender approves your short sale application, it allows you to sell your home for fair market value but l...
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http://www.ehow.com/how_8515390_make-forgive-debt-short-sale.html
