Real estate blog entries tagged with real estate broker by Orlando J. Valero (Valero Associates/Clancy Real Estate)

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Home : Blogs : Orlando J. Valero : Orlando J. Valero's Blog : Tag "real estate broker"

real estate broker: The "short" on short sales - 10/12/08 11:43 PM

THE SHORT ON SHORT SALES

In today's housing market, short sales are becoming a more common way to purchase real estate. However, they are more complex sale transactions and need to be handled in a special way.

A short sale occurs when the total mortgage amount currently owed on a property is MORE than the purchase price of a property and the mortgage holder is willing to accept the purchase price as "full" payment for the mortgage. Short sales can only occur when the owner of the property is delinquent in their mortgage and the mortgage holder approves the … (0 comments)

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Orlando J. Valero

Clifton Park, NY

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Valero Associates/Clancy Real Estate

Address: Clifton Park, NY, 12065

Office Phone: (518) 348-2811

Cell Phone: (518) 312-8479

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