Real estate blog entries tagged with debt by Lawrence "LARRY" SARLO (RE/MAX Preferred Realtors)

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Home : Blogs : Lawrence "LARRY" SARLO : Lawrence "LARRY" SARLO's Blog : Tag "debt"

debt: Bad Things Happen To Good People - 02/06/09 07:00 PM

ZoundryDocument What is a short sale? A "Short Sale" or "negotiated settlement" or "short pay" is when a Lender agrees to accept less than the amount owed to pay off a loan as an alternative to foreclosure. If the property is valued at less than the amount owed on the property, the Lender will take a loss on the property, even if they foreclose on it, thus Lenders are more willing to work with us to miti-gate their losses quickly to reduce their potential loss. How long will it take? The Short Sale negotiation process can take as few as 10 … (0 comments)

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Lawrence "LARRY" SARLO

Sicklerville, NJ

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RE/MAX Preferred Realtors

Address: 415 Egg Harbor Rd , St 9, Sewell, NJ, 08080

Office Phone: (856) 589-4848

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