Q:

What are short-sale forms?

A:

Quick Answer

Short sale forms serve as the necessary documents to complete in a short sale transaction and may include an information package and application form. A seller can get the forms from certain law firms and banks, such as McFerran Law or Bank of America.

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Full Answer

A short sale allows a homeowner to sell his home for less than the total figure owed on the mortgage. A short sale record can be opened if a home retention evaluation indicates that a homeowner does not meet the requirements to retain a home or if a homeowner chooses to move ahead to a short sale evaluation.

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