I am looking to purchase a short sale in Brooklyn. Possible or not? Is buying a short sale home really as bad as realtors try to make it out to be? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

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If you need to sell your home but find that you owe more on your mortgage than the current estimated market value of your property, a short sale may be the best solution.. A loan modification is a.

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When browsing "Active" property on my website, if you see in the description that it’s "Active With Contract," please understand that it’s not really active and that it does have an accepted contract on it, however it’s most likely a short sale and the seller wants to leave the property on the market for a backup offer to use in the event the.

A mortgage short sale is the sale of a property by a financially distressed borrower for less than the outstanding mortgage balance due where the proceeds from the sale will be used to repay the.

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The reason is because a home mortgage short sale after filing chapter 7 bankruptcy rarely makes sense. When I ask clients why they want to short sale their house after filing bankruptcy, the response I usually get back makes clear that the debtor does not fully understand the ramifications of their bankruptcy filing and the relief it afforded.

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