short sales: I can't sell, I owe more than what the house can sell for
- 04/13/07 10:53 AM
In this market, many home owners in mortgage trouble don't realize that banks are willing to negotiate terms. Don't think that your only option is foreclosure. Experienced agents can help negotiate with the banks on your behalf. But thats only half the battle. Most real estate agents don't understand the entire process, or how to make sure that all the information provided to the bank can help ensure the highest level of success. It's whats commonly known as a short sale, and many more are appearing lately. The key is to make sure that your agent knows exactly how to qualify … (2 comments)
In this market, many home owners in mortgage trouble don't realize that banks are willing to negotiate terms. Don't think that your only option is foreclosure. Experienced agents can help negotiate with the banks on your behalf. But thats only half the battle. Most real estate agents don't understand the entire process, or how to make sure that all the information provided to the bank can help ensure the highest level of success. It's whats commonly known as a short sale, and many more are appearing lately. The key is to make sure that your agent knows exactly how to qualify … (2 comments)
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