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How to do a short sale in Charlotte NC?
No homeowner wants to face a foreclosure. However, certain things may happen that could result in your failure to make the monthly mortgage payments and plunge you into the distressing prospect of losing your home. Instead of going through the lengthy and dreaded foreclosure process, you can do a short sale on your home in Charlotte NC.
 
A short sale is a transaction where the bank allows the delinquent homeowner to sell the home for less than what is owed. To do this, the homeowner finds an agent and puts the house on the market. If the home gets sold, all the proceeds from the sale go to the lender. This saves the homeowner the expense of a foreclosure suit.
 
 
If you are considering doing a short sale on your Charlotte NC home, you need to understand how the short sale process works and connect with the right short sale agent.
 
Understanding a short sale
 
The term short sale means that the home is being sold for less than the remaining balance on the mortgage. The lender can either forgive the difference or get a deficiency judgment against the borrower. This will require the borrower to pay the lender all or part of the difference ... more

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