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Short Sale means the sold price is less than the mortgage amount. The seller or their agent approaches the lender asking if the banks or lenders are willing to settle for less if and when a purchase contract is signed. There are good tips for sellers. 1. Select an experienced agents have done short sales. It is not like the normal sale. The seller needs to understand that the bank is the REAL decision maker. If gatekeepers listened your case, you have are much chance to close. 2. Seller prepares to disclose: The sellers must disclose and produce all liens on … (0 comments)
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