Real estate blog entries tagged with short sale by Team Pulsifer (Coldwell Banker Shield Heritage)

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Home : Blogs : Team Pulsifer : North Georgia Real Estate Blog : Tag "short sale"

short sale: Short sale Definiition - 04/19/09 09:34 AM

I get asked this question a lot so I thougfht it would be a good blog post! A "short sale" occurs when the value of the property being sold is less than the total of the outstanding liens against the property, and the lender agrees to accept a "short" payment on the outstanding mortgage. The lender's agreement is required before such a sale can close.
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Coldwell Banker Shield Heritage

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