short sale: Is a Short Sale the answer to a foreclosure?
- 03/03/09 03:36 PM
Are you concerned about losing your home through a foreclosure? There is a better alternative to foreclosure which is a Short Sale. There is a lot of misinformation out there about short sales and very few REALTORS know the proper method involved in successfully completing a short sale. A short sale is simply, when your lender agrees to accept less than what you owe on your home. This includes closing costs and real estate commissions. The Lender requires that you have a financial hardship or a foreseeable financial hardship in the near future to agree to the short sale. It's important … (0 comments)
Are you concerned about losing your home through a foreclosure? There is a better alternative to foreclosure which is a Short Sale. There is a lot of misinformation out there about short sales and very few REALTORS know the proper method involved in successfully completing a short sale. A short sale is simply, when your lender agrees to accept less than what you owe on your home. This includes closing costs and real estate commissions. The Lender requires that you have a financial hardship or a foreseeable financial hardship in the near future to agree to the short sale. It's important … (0 comments)
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