lender: Short Sales - What are they?
- 03/05/08 03:23 PM
What is a "Short Sale" in the real estate industry? This is a question asked by many consumers who own homes. A short sale is when the lender will take a lower pay off of the home than what is owed. The reason the lender will do this is because it cost the lender THOUSANDS of $$$ if the property goes back to them. If you find yourself looking down the barrell of a foreclosure, contact a real estate agent who specializes in this area. Jonathan Newton, Team Newton, in the Shreveport/Bossier City area specializes in getting their clients property sold … (0 comments)
What is a "Short Sale" in the real estate industry? This is a question asked by many consumers who own homes. A short sale is when the lender will take a lower pay off of the home than what is owed. The reason the lender will do this is because it cost the lender THOUSANDS of $$$ if the property goes back to them. If you find yourself looking down the barrell of a foreclosure, contact a real estate agent who specializes in this area. Jonathan Newton, Team Newton, in the Shreveport/Bossier City area specializes in getting their clients property sold … (0 comments)
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