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2. What is a short sale? - AOL

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

   A short sale isn’t as straightforward as a traditional real estate transaction. You might need to work with an experienced real estate agent to find properties, and potentially with an attorney ...

3. Loss mitigation - Wikipedia

   en.wikipedia.org/wiki/Loss_mitigation

   Short sale: This is a process whereby a lender accepts a payoff that is less than the principal balance of a homeowner's mortgage, in order to permit the homeowner to sell the home for the actual market value of the home. This specifically applies to homeowners that owe more on their mortgage than the property is worth.

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

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

   Loan type. Minimum waiting period. Conventional. 2-4 years with exceptions. FHA. 3 years with exceptions. USDA. 3 years. VA. 2 years with exceptions. Non-qualifying (non-QM)

5. Assignment (law) - Wikipedia

   en.wikipedia.org/wiki/Assignment_(law)

   Real property rights can be assigned just as any other contractual right. However, special duties and liabilities attach to transfers of the right to possess property. With an assignment, the assignor transfers the complete remainder of the interest to the assignee. The assignor must not retain any sort of reversionary interest in the right to ...

6. Holder in due course - Wikipedia

   en.wikipedia.org/wiki/Holder_in_due_course

   Negotiation often enables the transferee to become the party to the contract through a contract assignment (provided for explicitly or by operation of law) and to enforce the contract in the transferee-assignee’s own name. Negotiation can be effected by endorsement and delivery (order instruments), or by delivery alone (bearer instruments).

7. Short refinance - Wikipedia

   en.wikipedia.org/wiki/Short_refinance

   In this sense, a short refinance is no better than a short sale. However, this is a much better end result for the borrow than allowing the property to be foreclosed upon. 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.

8. Real estate agent - Wikipedia

   en.wikipedia.org/wiki/Real_estate_agent

   Flat-fee real estate agents charge a seller of a property a flat fee, $500 for example, [11] as opposed to a traditional or full-service real estate agent who charges a percentage of the sale price. In exchange, the seller's property will appear in the multiple listing service (MLS), but the seller will represent him or herself when showing the ...

9. Closing (real estate) - Wikipedia

   en.wikipedia.org/wiki/Closing_(real_estate)

   The closing date is set during the property negotiation phase and is usually several weeks after an offer is formally accepted. [2] At a high level, the closing typically involves the following parties: the seller, the buyer, real estate agents, attorneys (depending on the state), the mortgage lender, and the settlement agency (also known as a ...