Real estate blog entries tagged with real estate by Jeff Jasper (RE/MAX Results

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Home : Blogs : Jeff Jasper : Jeff Jasper's Blog : Tag "real estate"

real estate: The Long and short of a short sale! - 01/30/10 01:10 PM

What really is a short sale? Basically if the property is sold for the price that it’s listed for, the seller will be short funds necessary to close the transaction. With this in mind, offers of less will only worsen this situation.
Who determines if this is a short sale? In a nut shell the seller. And, the mortgage company may not agree with the seller. Just because the seller is short funds required to close at this price doesn’t mean that the Mortgage Company will agree to relinquish their claim for less than agreed to.
Why won’t the Mortgage Company … (2 comments)

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Jeff Jasper

Minneapolis, MN

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