Debt-to-income ratio, MLS and Short sale - Residential Realty Today

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Debt-to-income ratio

MLS

Short sale

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

DECEMBER 29, 2022

Simply put, this measures the number of days a property is for sale, from the day it is listed on the multiple listing service (MLS) to the day a buyer and seller are under contract. Debt-to-income ratio (DTI). This can lead to a short sale, foreclosure auction, and/or the lender taking possession of the property.

Purchase and sale agreement

Purchase and sale agreement Title Proof of funds Pre-approval

What Happens If You Sell Your House But Still Owe on the Mortgage?

HomeLight

SEPTEMBER 30, 2021

Your real estate agent will give you a more precise number using a comparative market analysis (CMA) that analyzes the value of your home based on comparable sales, a tool that you will use to price your home when the day comes. DTI is a measure of your gross monthly debt payment to your gross monthly income.

Mortgages

Mortgages Debt-to-income ratio Equity Closing costs

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

What Happens If You Sell Your House But Still Owe on the Mortgage?

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