|
How does buying a "short sale" affect the buyer? So many buyers are asking this question and it’s a good one. Sometimes us REALTORS sound like we are speaking a foreign language. We talk about ARM’s, Buy Downs, BPO’s, CMA’s, Negative Am, and so on. It’s worth explaining rather than using our “industry dialect” Lets first talk about “short sales” and how it affects buyers. A short sale is simply a transfer of ownership with the seller’s lender agreeing to accept less then the total amount owed on the seller’s loan or loans. All of the seller’s loans on the property … (2 comments)
;)
;)
Find LA real estate agents and Baton Rouge real estate on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
