short sale: Purchasing a Short Sale or Foreclosure Property - 12/17/09 06:47 AM
So you are wondering what is the difference between purchasing a foreclosure, short sale, or bank owned property is in the DC Metro area? These days the terms seem interchangable so in part one of this series I will define the actual terms. So here’s a brief breakdown that should simplify some of the language.
Short Sale – In this case, the homeowner has usually stopped paying the mortgage. In addition, the home is worth less than what they owe the lender. If they’re able to (1) find a buyer and (2) get the lender’s blessing on the deal, the … (2 comments)

 
Markita Woods NMLS#196099, Queen of Mortgages  - FHA, VA, Conventional, USDA  (Fairway Independent Mortgage) Rainmaker large

Markita Woods NMLS#196099

Queen of Mortgages - FHA, VA, Conventional, USDA

Woodbridge, VA

More about me…

Fairway Independent Mortgage

Address: Fairway Independent Mortgage, 2241-C Tacketts Mill Drive, Woodbridge, VA, 22192

Office: 703-844-2064

Mobile: 703-929-2274

Email Me

NMLS# 190699


Listings

Links

Archives

RSS 2.0 Feed for this blog