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  2. What is a short sale? - AOL

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

    A short sale is when a mortgage lender agrees to allow a homeowner to sell their home for less than what they owe on the mortgage. A short sale can help you get out of an underwater situation, but ...

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

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

    Yes, you may qualify for a mortgage after a short sale, depending on the loan program you select. FHA loans are worth considering for credit-challenged borrowers once the three-year waiting period ...

  4. Creative financing - Wikipedia

    en.wikipedia.org/wiki/Creative_financing

    In real estate, creative financing is non-traditional or uncommon means of buying land or property. The goal of creative financing is generally to purchase, or finance a property, with the buyer/ investor using as little of his own money as possible, otherwise known as leveraging. Using these techniques an investor may be able to purchase ...

  5. Short Sales: What You Need to Know - AOL

    www.aol.com/news/2011-07-27-short-sales-what-you...

    It's no wonder -- the number of short sales on the market has exploded in recent months, as more and more homeowners turn to short sales as a means of.

  6. Multiple listing service - Wikipedia

    en.wikipedia.org/wiki/Multiple_listing_service

    Multiple listing service. A multiple listing service ( MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.

  7. Foreclosure - Wikipedia

    en.wikipedia.org/wiki/Foreclosure

    Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. [ 1][ 2] Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower ...

  8. A Short Sale Worth the Long Wait - AOL

    www.aol.com/news/2011-05-10-a-short-sale-worth...

    The term "short sale" is enough to make many homebuyers bolt out the door in a panic. But when Jennifer Craft and her husband discovered that the house of their dreams was listed with the often ...

  9. Consideration - Wikipedia

    en.wikipedia.org/wiki/Consideration

    Consideration is a concept of English common law and is a necessity for simple contracts but not for special contracts (contracts by deed ). The concept has been adopted by other common law jurisdictions. The court in Currie v Misa [ 1 ] declared consideration to be a "Right, Interest, Profit, Benefit, or Forbearance, Detriment, Loss ...

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