rhode island foreclosures massachusetts foreclosures massachusetts bank foreclosures massachusetts home foreclosures: Your Field Guide to Short Sales - 10/21/08 03:50 PM
As foreclosure rates hit record levels, Short Sales have become the most common exit strategy sellers turn to avoid foreclosure.
How does a Short Sale work? In essence, the mortgage lender agrees to accept a price less than what the seller owes on the mortgage and agrees to forgive the rest of the loan. If a property has more than one loan with different lenders, all lenders must agree to accept the Short Sale. This agreement prevents a seller going into foreclosure and the lender(s) taking the burden of the property. Once the lender(s) agree(s) to a Short Sale, your Real Estate Agent can help sell your home and find … (1 comments)

Gail Caldera, Realtors - Rhode Island-Massachusetts Luxury Homes (Century 21)

Gail Caldera

Realtors - Rhode Island-Massachusetts Luxury Homes

North Attleboro, MA

More about me…

Century 21

Office: 50(869) 525-1126

Fax: (508) 643-2077

Email Me

For all your Rhode Island and Massachusetts Real Estate buying and selling needs look no further it is all here for you.



RSS 2.0 Feed for this blog