Short Sale

In finance, short selling (also known as shorting or going short) is the practice of selling securities or other financial instruments that are not currently owned, and subsequently repurchasing them ("covering"). In the event of an interim price decline, the short seller will profit, since the cost of (re)purchase will be less than the proceeds which were received upon the initial (short) sale. Conversely, the short position will be closed out at a loss in the event that the price of a shorted instrument should rise prior to repurchase.
Posts about Short Sale
  • Options If Your Modification Application Was Denied

    … information for the best chance at being approved. Explore Other Loss Mitigation Options If your lender believes that even a loan modification will not help you to afford your payments, there are still options available to avoid foreclosure and sell you home on your own terms without the involvement of the courts. Two main options are a short sale…

    Ronald D. Weiss, PC- 13 readers -
  • The Expiration of HAMP: What Options do Homeowners Have Now?

    … For years, the Home Affordable Modification Program (HAMP) provided a potential for relief for struggling homeowners to cure a default and to prevent the foreclosure of their home by their mortgage lender. HAMP was first enacted in 2009 as part of the Making Home Affordable (MHA) program in reaction to the subprime mortgage crisis. Homeowners…

    Ronald D. Weiss, PC- 11 readers -
  • Possible Solutions if Your Mortgage is in Default

    … cases, the lender will be more than willing to work with you to keep you out of default and avoid a foreclosure. Be warned, however, that if your lender offers you a plan, you must stick to it. Lenders are much less amenable to working with borrowers who fall back into default. Call a St. Louis and St. Charles Real Estate Attorney Today If you have… 15 readers -
  • St. Louis Mortgage Violations

    … Mortgage servicers handle loan modification applications from homeowners. Unfortunately, mortgage servicers often make serious errors when processing loan modification requests including: Failing to Process the Application in Timely Many homeowners have experienced lengthy delays when waiting for the servicer to make a decision on whether… 12 readers -
  • "Short Sale" of Real Estate

    …Jordan E. Bublick is a Miami Bankruptcy Lawyer - North Miami - Aventura Office - (305) 891-4055 A short sale involves the mortgage lender agreeing to allow a homeowner to sell his real property for a price less than enough to payoff the mortgage in full. That is, the lender agrees to release its mortgage lien on the property for an amount less…

    Miami Bankruptcy Law Blog- 29 readers -
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