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

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Century 21

Office: 50(869) 525-1126

Fax: (508) 643-2077

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


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