April 2020 Blog Posts (1)

Short Sale Vs Short Pay Off

You often hear the term Short Sale and Short Pay. They both are programs that involve a servicer review and a that a lien holder is being shorted and taking a loss on the mortgage payoff. They are similar in that nature but the outcome is distinguished as one program transfers the home to a new purchaser and the other is a designed for a borrower to retain ownership of their home.

In a short sale you are going through a detailed review with the mortgage servicer(s) and lien holders to…

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Added by Brett Goldsmith on April 22, 2020 at 9:00am — No Comments

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