epro: Short Sales
- 02/27/08 01:26 PM
The sale of a property where at least one of the underlying lien holders will be requested to accept a compromised payoff in exchange for the release of their Trust Deed / Mortgage.Check your Preliminary Title Report for the Recording of a Notice of Default.This means the subject property is in foreclosure and will provide a date that the property is scheduled for sale at the courthouse. A property does not necessarily need to be in foreclosure for you to complete a short sale. A property is in default at the point the owner is behind in payments.Each Lender will have … (0 comments)
The sale of a property where at least one of the underlying lien holders will be requested to accept a compromised payoff in exchange for the release of their Trust Deed / Mortgage.Check your Preliminary Title Report for the Recording of a Notice of Default.This means the subject property is in foreclosure and will provide a date that the property is scheduled for sale at the courthouse. A property does not necessarily need to be in foreclosure for you to complete a short sale. A property is in default at the point the owner is behind in payments.Each Lender will have … (0 comments)
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