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Short Sale After Bankruptcy – Worth it or a Waste? – Perhaps a real estate broker called to let you know someone wanted to buy your house but it would need to go through a short sale in order to make the deal happen. Before you agree to a short sale after bankruptcy, let’s take a step back and inject a little bit of reality into the situation. After Bankruptcy, You’re Not Liable On The Mortgage
Her second try at homeownership didn’t happen overnight. "We checked on what the laws were for purchasing after a short sale and learned that our credit had to be high enough if we wanted to.
A short sale is a home that is offered at a price that is less than the amount owed by its current owner. Here’s what you need to know, as a buyer or a seller.
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If We Put an Offer on a Short Sale & It Doesn't Get Approved. – In a short sale, the mortgage lender agrees to accept sale proceeds that fall short of paying off the loan balance. Lenders may withhold short sale approval for various reasons. The actions you and the seller take thereafter usually determine whether the short sale can happen.
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