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What is a Short-Pay?

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picture121 Joined: 21 Sep 2008 Posts: 15 8.62 Dollars($)	Posted: Wed Mar 10, 2010 4:01 am    Post subject: What is a Short-Pay? Like 0 Dislike 0 What is a short-pay? Lender offered this as an option since value of my home may have decreased. Lender said this is different than a short-sale or Modification.
Niicss Joined: 03 Oct 2005 Posts: 4770 Location: New Jersey 499.28 Dollars($)	Posted: Thu Mar 11, 2010 3:00 am    Post subject: Like 0 Dislike 0 Your query has been replied to in the given page: http://www.mortgagefit.com/problems/short-pay.html Take a look at it. Hope it helps you. _________________ Good is the Enemy of Great.
dreamlinefunding123 Joined: 15 Mar 2010 Posts: 10 Location: Eugene,OR 3.10 Dollars($)	Posted: Wed Mar 17, 2010 2:52 am    Post subject: Short Pay Like 0 Dislike 0 A SHORT PAY in real estate occurs when the outstanding monetary obligations (loans with recorded deeds of trust and liens) against a property are greater than market value or what amount the property can be sold for. _________________ small business funding USA

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