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2. What is a short sale? - AOL

   www.aol.com/finance/short-sale-234542168.html

   A short sale — sometimes known as a preforeclosure sale — is when a mortgage lender agrees to allow a borrower to sell their home for less than what’s owed on the mortgage. The lender ...

3. Can I get a mortgage after a short sale of my home? - AOL

   www.aol.com/finance/mortgage-short-sale-home...

   Selling your home through a short sale can help you avoid foreclosure, but it might make it difficult to get another mortgage. Short sales can damage your credit, and they can stay on your credit ...

4. How Does a Short Sale Work? - AOL

   www.aol.com/news/does-short-sale-140027882.html

   When your home value sinks below the amount you owe on your mortgage and you need to sell the house as soon as possible because you can't keep up with payments, a short sale might be your best option.

5. Real estate owned - Wikipedia

   en.wikipedia.org/wiki/Real_estate_owned

   Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]

6. Short refinance - Wikipedia

   en.wikipedia.org/wiki/Short_refinance

   A short sale can affect credit as little as 50 points as opposed to a foreclosure, which could affect credit rating by more than 300 points. A deed in lieu of foreclosure has a much more devastating effect on the borrows credit. In addition, a short sale or short refinance will be recorded with credit bureaus as paid in full or settled for less.

7. Creative financing - Wikipedia

   en.wikipedia.org/wiki/Creative_financing

   A private mortgage is a loan secured by real estate that is made by a private lender, instead of a traditional lender, financial institution, or government institution. These loans are most commonly short term and last anywhere from 6 months to three years. These are asset based loans made for the purchase and rehabilitation of real estate.