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Waltham MA Short Sales, Buying a Home at Pre-Foreclosure
How to Buy a Waltham, Massachusetts Short Sale
As a home buyer looking for value in the purchase of real estate you may consider a "short sale" as a viable option.  The process of finding and buying a Waltham, MA short sale  is not a typical real estate transaction.  To have success, you must work with qualified professionals and understand the process. Utilize the services of Realtors, attorneys, accountants, mortgage lenders and home inspectors as they all provide expert advice. 
What is a Short Sale?
Homeowners that have financial hardships may pursue a short sale prior to foreclosure.  This process may be a preferable option to preserve their credit and limit their debt exposure.  In Massachusetts, the laws governing foreclosures provide incentives for lenders to work with homeowners that can no longer afford their homes.  The foreclosure process takes time and money and may prove to be more costly to the lender.  Under the Home Affordable Alternatives Program (HAFA) offered in 2010 by the Treasury Department, lenders and homeowners have additional incentives to consider a short sale.
The first step to a successful transaction requires the negotiation of an acceptable contract with the Seller subject to lender approval with no guarantees ... more

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