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(Updated June 2012)
What is a short sale? A short sale is a sales transaction in which the seller's mortgage lender agrees to accept a payoff of less than the balance due on the loan. This page offers information about the basics of short sales and advice for the real estate professional.
Short Sales and Foreclosure Resource Certification
Learn more about NAR's latest certification program, core courses, free webinars, FAQs and brochures.
Short Sales and Foreclosure Resource Certification
Short Sales Basics
Short sales, (National Association of REALTORS®, n.d,).
Could short sales disappear at the end of this year?, (CBS5AZ.com, June 5, 2012).
Booming short sales poised to overtake foreclosures, (The Christian Science Monitor, May 31, 2012).
Fannie Mae sets new short sales timelines, (Fannie Mae, Apr. 25, 2012).
Short sales, (homebuying.about.com, n.d.).
Working with Short Sales
June 4, 2012: An Interview with Bank of America, (National Association of REALTORS®, June 2012).
Does your short sale seller have a legitimate hardship?, (AGBeat, June 5, 2012).
Maddeningly long short sales may get shorter, (MPR News, May 25, 2012).
Agents: are successful short sales possible?, (Realty Times, Mar. 2, 2012).
Beating the odds on short sales, (REALTOR® Magazine, Jan. 2012).
eBooks & Other Resources
eBooks.realtor.org
The following ebooks and digital audiobooks are available to NAR members:
All about short selling (Adobe eReader)
The All-New Real Estate Foreclosure, Short-Selling, Underwater, Property Auction, Positive Cash Flow Book (Kindle, Adobe eReader)
Cashing in on pre-foreclosures and Short Sales (Kindle, Adobe eReader)
How to use a short sale to stop home foreclosure and protect your finances (Adobe eReader)
Make money in short-sale foreclosures (Kindle, Adobe eReader)
Books, Videos, Research Reports & More
The resources below are available for loan through Information Central. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Central at 800.874.6500 for assistance.
The REALTOR® and the home owner's guide to short sales: step by step, (CreateSpace, 2009). HG 4521 K27
Short-Sale Pre-Foreclosure Investing, (Hoboken, NJ: Wiley, 2008). HG 4521 B43
The Art of the Short Sale, (Minneapolis, MN: Mill City Press, 2008). HG 4521 C49
Foreclosure investing for dummies, (Hoboken, NJ: Wiley, 2007). HG 4521 R54
Field Guides & More
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The inclusion of links on this field guide does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this field guide complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.