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Kisachek [45]
3 years ago
15

If a homeowner in mortgage distress owes more than the value of the home and is unable to make the loan manageable by refinancin

g or modifying the mortgage, the next recourse often is a short sale of the property. All of the following statements are true regarding a short sale except
a. Legal costs should be lower with a short sale than with foreclosure.
b. A shopt sale is usally enables a better sale price and a faster sale than foreclosure.
c. A short sale is less damaging to the borrower's credit than a foreclosure, thereby enabling the borrower to be eligible for another mortage loan sooner.
d. A short sale relieves the seller of any other outstanding obligations on the home such as owner association fees or a second mortgage
Social Studies
1 answer:
Marta_Voda [28]3 years ago
7 0

Answer: All of the following statements are true regarding a short sale <u>except:</u>

  • Legal costs should be lower with a short sale than with foreclosure.

Explanation:

A short sale is when an owner <u>sells his house for less money than he owes </u>in the payment of the property. The homeowner negotiates a discounted payment with his mortgage company without having to arrive with cash to cover the deficit. At the end of a short sale, the mortgage and property liens will be considered satisfied and any foreclosure process will be stopped.

Foreclosures are made by people who really do not have the money and cannot settle small fees. Although this will give you more credit deductions, <u>you will save any fees charged.</u>

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Answer:

True

Explanation:

It is TRUE that the role of social problems belongs to our society​.

Generally, it is believed that social problem arises from the societal activities or social environment. Social problems can be traced to destructive activities in government and non-governmental institutions, including schools and families.

Hence, to solve social problems, society should take some specific roles, some of which are:

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5 0
3 years ago
What two things do you restate in your conclusion?
kozerog [31]

Answer:

I think its main idea and topics.

Explanation:

sounds like the most likely one

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Explanation:

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7 0
3 years ago
What is the most likely result of a new continent-wide free-trade agreement in Africa?
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Answer:

d. increasing trade and decreasing consumer prices.

Explanation:

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hence the correct option is (d).

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I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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3 years ago
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