keller williams new york agent: Why a Short Sale?
- 05/29/12 04:06 AM
Last week I was surprised to hear of a bank serving a homeowner with a lawsuit for a deficiency balance. I have been selling real estate for 18 years and doing short sales since 2003. My surprise has come with a property that has gone into foreclosure and the bank taking a very aggressive position of suing the homeowner for the deficient balance of the loan. That leads me to answer a question posed to me frequently. So why a short sale? First, let me explain what a short sale is. The bank holding the lien (there can be 2 banks … (0 comments)
Last week I was surprised to hear of a bank serving a homeowner with a lawsuit for a deficiency balance. I have been selling real estate for 18 years and doing short sales since 2003. My surprise has come with a property that has gone into foreclosure and the bank taking a very aggressive position of suing the homeowner for the deficient balance of the loan. That leads me to answer a question posed to me frequently.
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