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On top of that, not every short sale listing agent knows how to do a short sale. Open House Stories: Short Sales, Timeline of a House Flop.. Flip or Flop Today, MyMoneyBlog.com is a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission.
Short Sale Flops and Other Housing News – Short Sale Flops May Send Broker to Prison Read about the latest scandal associated with the housing market, short sales, and what happens when you break the rules. Update on the Successes and Failures of HARP Read about what is going on with the Home Affordable Refinance Program and whether this.
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Or he could convince the bank to approve a "short sale" for less than what’s owed on the mortgage-in which case the bank, to cut its losses, generally forgives the difference between what’s owed.
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Mortgage data aggregator CoreLogic has launched a monitoring program designed to help lenders detect short-sale "property flops" by alerting them when there’s more than one loan application. In a previous study, CoreLogic – which conducts a monitoring program designed to help lenders detect short-sale "property flops" by alerting them when there’s more than one loan.