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When should you consider a short sale of your home?

Updated: 8/19/2019
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Q: When should you consider a short sale of your home?
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Can I file for Bankruptcy after a short sale of your home?

What does selling my home have to do with your filing bankruptcy? If it was your home you sold short, assuming an arm's-length sale to a 3d party with no fraud or deception, you should not have a problem with filing bankruptcy.


What is a short fall sale?

A "short sale" refers to a home that is being sold for less than the balance owed to the mortgage company. For example, a home is listed for 450,000, but the owner owes 600,000 on the home. This would be a short sale.


Is short sale worth the deal?

A short sale is a way to get a really good price on a home, but you need to consider what shape the home is first. If it's a good deal but needs a lot of work you have to factor in the cost of repairs for the price you are paying. Most of the time short sales are a great deal even when repairs are added into the equation.


Can you buy home after short sale?

Yes you can buy a home after shortsale, remember your credit with be ok for the simple fact it will show you paid your debt of your home by doing a short sale.


Do you have to pay your mortgage when you short sale your home?

From what I understand the bank has to agree to the short sale and then takes that as the mortgage paid.


Buyer's short sale savings?

Short sale is a great option for investors who want to make some money. If they make a smart purchase of a short sale home they can earn a huge profit. But, they need to be very careful when buying a short sale.


Is a foreclosure a valid reason for a short sale?

A short sale is a sale where the buyer's offer comes up "short." If you're selling your home and you receive an offer that is less than you owe on your house, you've sold it short. It can appyl to a homeowner you wants to get rid of their house, even at a loss. More typically, it used when a homeowner is facing foreclosure. A homeowner with a buyer who offers less than the amount owed on their house can approach the lender requesting they accept the short sale rather than foreclose. The lender is under no obligation to accept a short sale. If you don't have a buyer, you should ask your lender to consider a "deed in lieu." With this option, you're asking the lender to accept the deed to your house instead of (in lieu) of foreclosing. A REALTOR can help you with a short sale. Because there is often little or no commission involved with a deed in lieu, you should speak with an attorney. You can find one through a local bar association lawyer referral service. Usually, they offer a discounted initial consultation.


What is the difference between a foreclosure and short sale?

A foreclosure is the surrender of the property to the lien holder for nonpayment of the debt. A short sale is the sale of the property before the completion of the foreclosure in an attempt by the home buyer and the lender to avoid foreclosure proceedings.


Where can you get a tank?

www.tanks for sale home page that should work


Where in New York City can you find vans for sale?

If you are looking for vans for sale in NYC you should consider using an online resource such as autotrader.com. You might also consider looking at one of the local dealerships in the area.


Can you do a contingency contract on a short sale?

No you can not purchase a short sale property contingent on selling your home. A lender would never agree to such a clause. In most short sales the lender will ask for the buyer to close quickly (within 30-45 days).


Is a short sale public record?

is a short sale on public records