What Are the Downsides of Using a Short Sale to Avoid a Foreclosure for Sellers? You Might Face a Deficiency Judgment After a Short Sale. Short Sale Tax Implications Following a Short Sale. A Short Sale Will Damage Your Credit Scores. Finding a New Home. Foreclosure Might Be a Better Option.
Drawbacks of short selling Financial experts consider short selling to be quite volatile, and there remains the probability of losses without a limit. There is a high risk associated with this strategy because stock prices change rapidly. Lenders may recall the borrowed stock at any time.
What Are the Downsides of Using a Short Sale to Avoid a Foreclosure for Sellers? You Might Face a Deficiency Judgment After a Short Sale. Short Sale Tax Implications Following a Short Sale. A Short Sale Will Damage Your Credit Scores. Finding a New Home. Foreclosure Might Be a Better Option.
A short sale is a transaction in which the lender, or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt.
Short sales allow a homeowner to dispose of a property that is losing value. Although they do not recoup the costs of their mortgage, a short sale allows a buyer to escape foreclosure, which can be much more damaging to their credit score.
Una venta corta, que es un tipo de mitigación de pérdidas, es una venta de su vivienda por menos de lo que debe en su hipoteca.
¿Qué es exactamente una venta corta? Una venta corta ocurre cuando el prestamista acepta aceptar menos de lo que se adeuda en el préstamo y, a cambio, libera el gravamen sobre la propiedad.
La forma tradicional en que funciona un Short Sale es que el vendedor encuentra un comprador que le gusta la propiedad, luego le presenta la oferta del comprador al prestamista, acompaado de un análisis de propiedades comparables que muestra el valor de mercado estimado de la propiedad.