bank workouts: Short sales success tips
- 08/22/07 08:25 AM
WHAT ABOUT SHORT SALES? For those who do not know what a 'Short Sale' is, but think you want to do one, now is a great time to learn. The number of Short Sales in the adjusting/declining market has increased dramatically this year but is it the best thing for all concerned? In short, a Short Sale is when the Bank holding the mortgage on a property, negotiates with a Buyer and sells the home for less than the amount owed. Obviously, the Seller gets nothing as he/she owes more than the property will net when sold in the open market … (0 comments)
WHAT ABOUT SHORT SALES? For those who do not know what a 'Short Sale' is, but think you want to do one, now is a great time to learn. The number of Short Sales in the adjusting/declining market has increased dramatically this year but is it the best thing for all concerned? In short, a Short Sale is when the Bank holding the mortgage on a property, negotiates with a Buyer and sells the home for less than the amount owed. Obviously, the Seller gets nothing as he/she owes more than the property will net when sold in the open market … (0 comments)
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