{"id":42,"date":"2026-09-23T09:00:00","date_gmt":"2026-09-23T09:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/ericbergersrealestate-com\/2026\/09\/23\/short-sales-can-leave-mortgage-debt-fyp\/"},"modified":"2026-09-23T09:00:00","modified_gmt":"2026-09-23T09:00:00","slug":"short-sales-can-leave-mortgage-debt-fyp","status":"publish","type":"post","link":"https:\/\/www.ericbergersrealestate.com\/blog\/2026\/09\/23\/short-sales-can-leave-mortgage-debt-fyp\/","title":{"rendered":"Short Sales Can Leave Mortgage Debt | fyp"},"content":{"rendered":"<div class=\"video-zmyer\">\n<div class=\"video-frame-zmyer\">\n        <iframe loading=\"lazy\" width=\"640\" height=\"640\"\n                src=\"https:\/\/www.roomvu.com\/agent\/embed\/eric-bergers\/short-sale-house-remotion-videos-66ee\"\n                frameborder=\"0\"\n                allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\"\n                allowfullscreen><br \/>\n        <\/iframe>\n    <\/div>\n<div class=\"video-description-zmyer\">\n<p>A short sale happens when a home sells for less than the mortgage balance, with proceeds going to the lender, usually to avoid foreclosure.<br \/>\nLender approval is required before any short sale, and the lender may forgive the remaining debt or seek repayment of some deficiency.<br \/>\nThe process can be paperwork-heavy and slow, often taking months, with homeowners asked to document new financial hardship and submit a buyer-backed proposal.<br \/>\nBefore pursuing a short sale, owners can ask lenders about revised payment plans, loan modification, or help tied to private mortgage insurance.<br \/>\nFor buyers, short sales may offer discounted pricing, but homes are often sold as-is, lender approval can delay closing, and careful inspection matters.<br \/>\nCompared with foreclosure, a short sale usually damages credit less, and some homeowners may qualify to buy another home sooner after closing.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A short sale happens when a home sells for less than the mortgage balance, with proceeds going to the lender, usually to avoid foreclosure. Lender approval is required before any short sale, and the lender may forgive the remaining debt or seek repayment of some deficiency. The process can be paperwork-heavy and slow, often taking [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":92,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-42","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.ericbergersrealestate.com\/blog\/wp-json\/wp\/v2\/posts\/42","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ericbergersrealestate.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ericbergersrealestate.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ericbergersrealestate.com\/blog\/wp-json\/wp\/v2\/comments?post=42"}],"version-history":[{"count":0,"href":"https:\/\/www.ericbergersrealestate.com\/blog\/wp-json\/wp\/v2\/posts\/42\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ericbergersrealestate.com\/blog\/wp-json\/wp\/v2\/media\/92"}],"wp:attachment":[{"href":"https:\/\/www.ericbergersrealestate.com\/blog\/wp-json\/wp\/v2\/media?parent=42"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ericbergersrealestate.com\/blog\/wp-json\/wp\/v2\/categories?post=42"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ericbergersrealestate.com\/blog\/wp-json\/wp\/v2\/tags?post=42"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}