The Short Sale That Got Away

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Once a short sale transaction closes, the debt is settled and the seller is off the hook for the difference. A short sale has less impact on the seller’s credit score than a foreclosure.

A short sale is a real estate transaction where the owner’s lender agrees to accept a purchase offer from a new buyer, short of what is owed by the original owner. This could be great for you, the buyer, but it could take a long time to move into your home.

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The house is selling under short sale for 215,000 and we offered 194,000.. Now , if the seller accepted your offer and your offer got bump out because of a.

Home Short Sale After Chapter 7 Bankruptcy: Why They Often. – The reason is because a home mortgage short sale after filing chapter 7 bankruptcy rarely makes sense. When I ask clients why they want to short sale their house after filing bankruptcy, the response I usually get back makes clear that the debtor does not fully understand the ramifications of their bankruptcy filing and the relief it afforded.

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 · The short-sale rule was a Securities and Exchange Commission (SEC) trading regulation that restricted short sales of stock from being placed on a downtick in the market price of the shares.

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