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Myrtle Beach Short Sale Stops Foreclosure
What is a Short Sale?
A Short Sale is a win-win solution for the homeowner, the lender, and the buyer. The lender gets the highest price for a quick sale at the current market price. The borrowers get their credit restored and generally get relief from possible future legal actions and deficiency judgments.
Short Sales occur when borrowers sell their property for a sales price less than the amount owed to their lender(s) after all sales expenses, including brokerage fees, are taken into account. In order for this to take place the lender(s) must accept a discounted payoff; meaning the bank(s) get paid less than the full loan amount owed. In a short sale, the homeowners get complete relief from all of their mortgage debt.
The end result is the condo or home is sold, the mortgage is satisfied (paid off) and the seller avoids a foreclosure or bankruptcy in the event of hardship. Perhaps even better, a seller's credit rating will almost immediately improve because your credit report shows that your mortgage was paid in full.
  The Jerry Pinkas Short Sale Team is committed to providing outstanding service and value to buyers and sellers. We are widely recognized as the preeminent Real Estate Sales Team in the area.  We are known for ... more

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