marin county real estate: The Short Sale: Not As Easy as Homeowners Think
- 08/21/09 01:22 AM
Short sales and foreclosures are the latest buzz words in the industry and whether you are a buyer or seller it is important to understand what they mean before jumping in. A short sale is a transaction in which a lender allows the real property securing the loan to be sold for less than the remaining mortgage amount due and accepts the proceeds as full payment of the loan. A lender may accept a short sale when the borrower is in severe financial straits and market conditions make a short sale the best choice to mitigate the lender's damages. This saves … (1 comments)
Discussion of the most recent trends in Marin County, CA real estate and it's cities including: Belvedere, Corte Madera, Fairfax, Greenbrae, Kentfield, Larkspur, Lagunitas, Mill Valley, Muir Beach, Nicasio, Novato, Olema, Pt. Reys Station, Ross, San Anselmo, San Geronimo, San Rafael, Sausalito, Stinson Beach, Tiburon, Tomales and Woodacre
Short sales and foreclosures are the latest buzz words in the industry and whether you are a buyer or seller it is important to understand what they mean before jumping in. A short sale is a transaction in which a lender allows the real property securing the loan to be sold for less than the remaining mortgage amount due and accepts the proceeds as full payment of the loan. A lender may accept a short sale when the borrower is in severe financial straits and market conditions make a short sale the best choice to mitigate the lender's damages. This saves … (1 comments)
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