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Yvette Salley

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Yvette Salley is a Realtor with ERA ONETEAM Realty serving Jacksonville and Northeast Florida. A former FDIC accountant with 14+ years in residential sales, she specializes in short sales and relocation, guiding homeowners and newcomers with a sharp financial eye.

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What Is a Short Sale? (CFPB)

A short sale is a type of loss mitigation that allows homeowners to sell their property for less than the remaining mortgage balance as an alternative to foreclosure. Borrowers should seek HUD-approved housing counselor assistance and request a deficiency waiver in writing to protect themselves from potential lender lawsuits for the remaining debt.

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Summary

A short sale is a type of loss mitigation that allows homeowners to sell their property for less than the remaining mortgage balance as an alternative to foreclosure. Borrowers should seek HUD-approved housing counselor assistance and request a deficiency waiver in writing to protect themselves from potential lender lawsuits for the remaining debt.

Tags

short-sale · mortgage · foreclosure · loss-mitigation · housing-counseling · deficiency · real-estate

Key entities

U.S. Department of Housing and Urban Development (HUD) (organization, 0.99) · Consumer Financial Protection Bureau (CFPB) (organization, 0.99) · short sale (concept, 1) · loss mitigation (concept, 0.95) · deficiency waiver (concept, 0.95) · cash-for-keys (concept, 0.9) · HOPE Hotline (technology, 0.85)

Classification

reference · language en · status final

Provenance

claude-haiku-4-5 via @stacklist/be@0.1.0, confidence 0.85, 16 Jul 2026