Plain-English explanation
Slow (90-180 days) but margins exist. Lender approval required.
Examples
- $220k owed, lender accepts $180k sale to avoid foreclosure.
Common mistakes
- Underwriting on listing price before lender approval.
Advertisement
House Flipping
Sale where lender accepts less than the outstanding mortgage balance.
Reviewed by Keiron Brown, Founder & Editor, CalculateRealEstateROI · Educational estimates only — not investment, financial, tax, or legal advice
Slow (90-180 days) but margins exist. Lender approval required.