Real estate blog entries tagged with short sales by Billy J. Carroll, Jr. BSBA (Bullard Homes, Inc.)

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Home : Blogs : Billy J. Carroll, Jr. BSBA : Billy's Blog : Tag "short sales"

short sales: The Short Sale - 12/31/08 02:14 PM

Short Sales
The biggest problem withshort sale negotiations has little to do with the buyer's agent and everything to do with the listing agent. If the listing agent is incompetent and misleads on pricing the home, coupled with weak short-sale negotiation skills, nothing short of a miracle is going to help.
Short sales involve asking the existing lender(s) to accept less on a sales price than the mortgage amount. They work primarily because the home is upside-down in value -- meaning more is owed against the home than the home is worth on today's market.
Be aware that the seller does … (0 comments)

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Billy J. Carroll, Jr. BSBA

Ocean Springs, MS

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Bullard Homes, Inc.

Address: 14507 LeMoyne Blvd, Biloxi, MS, 39532

Office Phone: (228) 392-2094

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