sale: What is a Short Sale? A Primer by The McKenna Team of Keller Williams - 07/31/14 06:49 AM
A short sale in real estate occurs when the outstanding loans and liens against a property are greater than the proceeds from the sale of the home after all closing costs are paid. This occurs only when a homeowner meets the qualifications, and the homeowner’s lenders agree to allow a short sale. In the event of a short sale, a lender can release you FREE AND CLEAR from your mortgages and fully forgive you of any deficiency! In fact, the new Home Affordable Foreclosure Alternatives (HAFA) Program offers $3,000 BACK for relocation expenses, and some lenders are offering up to $5,000 as an … (1 comments)

 
Charles McKenna

Charles McKenna

Hauppauge, NY

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Office: 631-675-0770

Mobile: 631-276-9122



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