What is a short sale in the real-estate market?

Answer A short sale is a situation where a lender accepts a discount on the mortgage for a property. A potential buyer offers less than the mortgage for full payment, and the lender accepts or rejects it.... Read More »

Top Q&A For: What is a short sale in the real-estate market

Short Sale Facts in the Real Estate Market?

A homeowner can opt to short sale their home to prevent it from being foreclosed by a creditor. This is an agreement between the bank or mortgage lender and the homeowner to sell the home at a pric... 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 »

What does the term short sale mean in real estate?

A short sale in real estate is when the seller sells the home for less than the balance owed on the mortgage debt. The lender must agree to the short sale in order for the deal to close.Source:Home... Read More »

Real Estate Short Sale Training?

Short sales offer sellers an alternative to foreclosure by agreeing with the bank to sell the house "short" of what they owe. Since realtor participation in a short sale is mandatory in the eyes of... Read More »