bank: As an Agent - Make Sure you ID a Short Sale Situation Up-front. Listing Agents Aren't Revealing it Readily. Protect Buyer Clients Who Have a Timeline
- 03/14/08 02:58 AM
Many homes that are for sale in various neighborhoods in the Chicago area, are not occupied anymore - and a number of them are pre-foreclosure or foreclosure properties. Others - will be short sale situations.Homes that are currently occupied may be listed for a figure where the seller will come up short after paying off the principal balance of their loan(s). If the seller can't cover the shortfall - it will be a short sale situation - meaning that the lender will have to pick up some of the shortfall.It is important to note that many agents are not advertising that … (1 comments)
The Federal Government Plans to Pay For Payroll Tax Cut by Raising Fees That Banks Pay to Fannie and Freddie. So Now is Certainly The Best Time to Buy a Home in Cook and Lake County Illinois Before The Extra Fees Get Legislated.
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