Shared Appreciation Mortgage

Shared Appreciation Mortgage

Under a shared appreciation mortgage, you agree to give your lender a share of any increase in the value of your home. Read more (cfpb.gov/askcfpb/270) Short sale an alternative to foreclosure, but because it is a sale, you will have to leave your home. If your lender or servicer agrees to a short sale, you may be able to sell your home to pay off your mortgage, even if the sale price or proceeds turn out to be less than the balance remaining on your mortgage. A short sale is a type of loss mitigation. If you live in a state in which you are responsible for any deficiency, which is the difference between the value of your property and deficiency.