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A short sale in real estate occurs when the outstanding obligations (loans) against a property are
greater than what the property can be sold for. Short sales are a way for homeowners to avoid
foreclosure on their homes and still be able to pay off their loan by settling with the lender.
I specialize in short sales!
LOCAL REALTOR® COMPLETES PROFESSIONAL REAL ESTATE COURSE
Pat McQuaid of Keller Williams Realty Greater Worcester, MA has successfully completed the Loss Mitigation Certification Course (LMC) of the Massachusetts Association of Realtors® held recently in Sterling, MA.
Due to the challenges facing many Realtors® today in representing a buyer or seller who is working in a transaction involving foreclosure, short sales, properties at auction or bank owned; this comprehensive course was developed to educate Realtors® on all the issues surrounding properties facing these complicated transactions.
The course is taught by national and local experts in loss mitigation and is designed to equip attendees with the tools needed to deal with short sales on both the buying and listing side; the process, ethics, laws, contracts and credit issues involved; and how to best approach lenders. Lastly, this course also addresses the human element of these transactions as consumers potentially face losing their homes.
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