foreclosure: What is a Short Sale? - 03/19/08 05:21 PM
What is a Short Sale?In a Short Sale, a Financially insolvent homeowner who is facing foreclosure sells his home for less than the value of his loan. The lender accepts the sale as payment in full for the loan.With Today's Market and ever changing Interests Rates, many Home Owners who purchased Real Estate a few years ago with a variable rate mortgages,(ARM's) Zero Down loans, or even sub prime loans are realizing that those interests rates are resetting and some are actually doubling, even tripling your original monthly Mortgage Payments, making it very difficult to keep up with the payments. Maybe … (2 comments)

 
Hector M. Yepis Realtor Broker,   TEAM MAUI Real Estate (RE/MAX Island Properties)

Hector M. Yepis Realtor Broker

TEAM MAUI Real Estate

Kihei, HI

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RE/MAX Island Properties

Address: 910 Wainee St, Lahaina, MAUI, HI, 96761

Office: 888-905-6284

Mobile: 808-250-6396

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