Real estate blog entries tagged with what homeowners should know about short sales by Pacita Dimacali - ePRO, SRES, CDPE, MBA Alain Pinel in Alameda County CA (Alain Pinel)

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Home : Blogs : Pacita Dimacali - ePRO, SRES, CDPE, MBA Alain Pinel in Alameda County CA : Pacita's Quick Bytes of Real Estate : Tag "what homeowners should know about short sales"

what homeowners should know about short sales: BULLET POINTS for homewners contemplating a short sale - 05/10/09 05:56 AM

Dear Homeowner
If it appears that the only available option to you is to sell your property as a short sale, here are things you should know:
Short sale is a type of pre-foreclosure sale in which the lender allows the property securing a mortgage or deed of trust loan to be sold for less than the full amount due, and accepts the proceeds from the sale as payment in full.
Short Sale Approval
Most lenders will approve a short sale only as a last resort to foreclosure because of the following:
The borrower is insolvent The proposed purchase price is … (8 comments)

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Pacita Dimacali - ePRO, SRES, CDPE, MBA Alain Pinel in Alameda County CA

Oakland, CA

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