What is an unqualified sale?

Hi Guest,

An unqualified sale is a sale transaction in which a property is not sold at full market value. For eg., when a property is foreclosed and sold or it is transferred to a relative, the full market value is not arrived at in the transaction. These transactions are known as unqualified sales.

Where and who can do a unqualified sale?
My mortgage is underwater, Can I do an Unqualified Sale?

Your query has been answered in the given page:
http://www.mortgagefit.com/problems/unqualified-sale.html#141503

Please take a look at it. I hope it will help you.

Sussane