This page gathers our reading on short sale basics, filed under Foreclosure & Hardship. The best starting point is “Selling a House Before Foreclosure” and “Can You Sell a House With a Mortgage? Payoff, Equity, Closing, and Shortfall Risk”, which walks through the decisions, paperwork and trade-offs that come with it. 2 articles currently use this tag, so it is worth browsing them side by side. General education only, not legal, tax or financial advice.
2 articles on this topic
If you want to sell house before foreclosure, start with your notices, your payoff and a HUD-approved counselor. This guide maps the paths, costs and checks that protect you.
Read More
You can sell house with mortgage debt still open because the payoff is settled at closing. This guide shows the payoff, the costs and the shortfall risks in plain numbers.
Read More