short sale: HOW DOES SHORT SALE WORK? - 02/01/08 01:44 AM
 
I went on an expired listing presentation and the seller said he wanted to do a short sale this time.  I have not done a short sale in my 8 years in business as a realtor.  He said a sales agent told him he can get some money even if he sells his home lower than his mortgage.  His mortgage is $340,000 and will list his home for $316,000 which he said is the value of his home per his tax assessment and hope to sell at $289,000.  Getting some money seems doubtful to me and I told him so.  … (9 comments)

 
Rosalinda Morgan, "The Rose Lady"

Rosalinda Morgan

"The Rose Lady"

Brookville, NY

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Address: Oyster Bay, NY, 11771

Office: (843) 789-9268

Mobile: (516) 385-0584

The Rose Lady's Blog is not all about real estate. It's all about Oyster Bay, East Norwich, Brookville and surrounding towns and other topics that make for an interesting read. Check it out!

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