The timeline for a short sale depends on many factors, such as how long it takes to gather the appropriate documentation, receive a suitable offer and complete the final approval process.

There’s nothing short about the time it takes to complete a short sale. That’s the word from experts familiar with what is often a very long and arduous process from the perspective of both ...

A short sale occurs when you sell your home for less than what you owe on your mortgage. If a divorce, job transfer, job loss or other major life event leaves you unable to keep up with mortgage ...

Explore the concept of a short sale in real estate, a strategic alternative for homeowners facing financial hardship. Learn their benefits, and considerations for buyers and sellers in 2025.

A short sale is a voluntary process. When the homeowner sells the property for an amount that is far less than what is owed on the mortgage, it is called a short sale. For example, if a homeowner ...

Fannie Mae and Freddie Mac will require mortgage servicers to make decisions on short sales under new timelines beginning this June. Servicers must review and respond to a borrower within 30 days ...

If you're one of the estimated 11 million homeowners burdened with an underwater mortgage, a new federal policy change could be good (but probably not great) news.

WASHINGTON –— If you’re one of the estimated 11 million homeowners burdened with an underwater mortgage, a new federal policy change could be good news: Starting in June, when you want to do … ...

WASHINGTON — If you’re one of the estimated 11 million homeowners burdened with an underwater mortgage, a new federal policy change could be good news: Starting in June, when you want to do a ...

A new Senate bill aims to speed up the short-sale process by requiring mortgage lenders or servicers to respond within a mandated timeline or face potential fines. The bill, introduced late last ...

The short sale process isn’t working and has created “a deluge of pending sales that take forever to close,” says Steve Thomas of Altera Real Estate. As of Thursday,he says, there… ...