Short Sale

Sale of real property for less than the amount owed to the lender(s) secured by the property, with the lender agreeing to accept the short sale price to release its lien.

Blog Posts

We have discussed Short Sale in the following posts on our bankruptcy blog:

Choices When Behind on Mortgage Payments

Jan 24, 2012

The house payment is the single largest expense for many families. When finances get tight and bills start adding up, many people get behind on their mortgage payment. In North Carolina, recent statistics put about 3-4% of home mortgage loans at least 90 days past due. In this post, I briefly summarize the major options for a homeowner who is behind on their payments, including bankruptcy approaches.

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