foreclsures: Is A Short Sale for You? - 10/03/11 02:55 AM
Is A Short Sale for You?
A short sale, in brief, is when the homeowner's market value is less than the amount owed on the mortgage when selling a property. Thus, the homeowner would not be able to clear the lien unless an agreement is reached wth the lender to accept less than the amount owed as "paid in full" to remove the lien.
So, the question remains, Is A Short Sale for You?
I am not a lawyer, so I must state that any personal advice should be obtained by consulting a real estate lawyer familiar with short sales, … (0 comments)

 


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