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

    … Options If Your Modification Application Was Denied Obtaining a modification of your mortgage loan’s interest rate, loan term, or principal balance can provide substantial relief for homeowners struggling to make their mortgage payments. The application process can be complicated and can require many supporting documents. After you have…

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

    … into this year to help ensure the transition after HAMP was as smooth as possible. The options for modifying your loan under HARP are more limited than they were through HAMP and the criteria to qualify is different,6 though it can still be a beneficial program for the next few months. Fannie Mae Flex Modification Program – The federal government did…

    Ronald D. Weiss, PC- 10 readers -
  • Possible Solutions if Your Mortgage is in Default

    …-amortizing the new balance. Short sale: A short sale allows a borrower to sell their house for less than the outstanding loan amount, takes the proceeds, and forgives the existing debt. Short refinance: Occasionally, a lender will forgive some of the debt and refinance the rest of it into a new loan. The most important thing to remember… 15 readers -
  • St. Louis Mortgage Violations

    … Affordable Modification Program[2] (HAMP) where the homeowner can be in danger of falling behind. Down Payment In most cases the homeowner should not have to pay a down payment to obtain a loan modification such as with a HAMP modification. Failing to Convert a Trial Modification into a Permanent One Many loan modifications start… 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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