process: Moreno Valley Short Sale Process
- 09/26/13 08:33 AM
What Is A Moreno Valley Short Sale, And Why Would A Bank Consider It? Simply stated, a Moreno Valley short sale occurs when the bank accepts an offer on your home that is less than what is owed on the mortgage. For example, let’s say you owe $300,000 on your home in Moreno Valley, and the market value is $150,000. Our Moreno Valley short sale agent team lists the property for sale, and receives an offer of $150,000. Basically, we are “shorting” the bank $150,000. In doing so, your lender will “forgive” the debt and allow you to move on with … (0 comments)
process: San Jacinto Short Sale Process
- 08/31/13 03:24 AM
San Jacinto Short Sale Process - San Jacinto Short Sale Agents What Is A San Jacinto Short Sale, And Why Would A Bank Consider It? Simply stated, a San Jacinto short sale occurs when the bank accepts an offer on your home that is less than what is owed on the mortgage. For example, let’s say you owe $300,000 on your home in San Jacinto, and the market value is $150,000. Our San Jacinto short sale agent team lists the property for sale, and receives an offer of $150,000. Basically, we are “shorting” the bank $150,000. In doing so, your lender … (0 comments)
What Is A Moreno Valley Short Sale, And Why Would A Bank Consider It?
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