Mike Sher's (mikerealtor) Blog

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Real Estate Agent - Max Broock Realtors

ARCHIVED BLOG POSTS

2008 

Frequently Asked Questions   What type of property qualifies for a short sale? Banks may consider a short sale for various reasons. A home in any location, size, style and condition may be considered. Normal steps to start the short sale process. The property or Home owner must be in distress. D...
11/04/2008
  A short sale in real estate occurs when the outstanding obligations (loans) against a property are greater than what the property can be sold for.   Step One Verify the value of your property. If you are selling the property through a real estate broker, your broker will provide you with an es...
11/04/2008
    A Short Sale may assist a homeowner prior to the Foreclosure process. If the proceeds from the sale of a house fall short of the owner's existing mortgage balance, a lender may agree to accept the proceeds of a short sale in lieu of the total obligation due on the mortgage. By accepting a sh...
11/04/2008
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