chicago foreclosures: Do I have to be late in order to be considered for a 'Short Sale'?
- 08/08/12 11:55 PM
I'm often asked 'Do I have to be late in order to be considered for a Short Sale'? That is a great question that has a quick 'YES' answer usually associated with it. However, every situation is unique. A 'Short Sale' is a sale that takes place when a mortgage lender, usually a Bank, agrees to accept less to settle the debt than the full amount contractually owed by the debtor. To be 'forgiven' of a large portion of a mortgage debt is a blessing for which a debtor may be very thankful. In order to have your personal and unique … (0 comments)
Our experience with Randy as a realtor was great! He was very pleasant and made the challenge of finding a home enjoyable. Randy was very responsive ... more
5.0/5.0
by user656624
620599
Randy was great to work with. He helped us every step of the way. He has great knowledge of the lending and closing process and was very helpful in ... more
I'm often asked 'Do I have to be late in order to be considered for a Short Sale'? That is a great question that has a quick 'YES' answer usually associated with it. However, every situation is unique. A 'Short Sale' is a sale that takes place when a mortgage lender, usually a Bank, agrees to accept less to settle the debt than the full amount contractually owed by the debtor. To be 'forgiven' of a large portion of a mortgage debt is a blessing for which a debtor may be very thankful. In order to have your personal and unique … (0 comments)
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