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needed short sale documents: Documents Needed for a Short Sale - 10/10/09 06:37 PM
A short sale is a transaction in which a homeowner sells a property for less than what is owed, the lender takes a loss, and any unpaid balance is forgiven. For this to happen, a set of documents is needed.
Main Documents:
Purchase and sale agreement. This is the accepted offer. This document is evidence that, under a certain set of conditions, the owner is willing to transfer ownership of the property to the buyer. Of this set of conditions, purchase price and possession date are the main focus. The purchase and sale agreement needs to be well-executed. To be legally … (0 comments)

 
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Oscar Morante

Portland, OR

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Oscar Morante, Realtor and Short Sale expert interacts with all individuals seeking more knowledge in this fascinating field. The more you learn, the more you earn. Short sales is where most of the business is at. Sure it is a bit more work, but if you are good opportiny is abundant. Learn everything about short sales.


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