The Short Sale Process: Steps of a Short Sale Sometimes, to avoid going through the costs of foreclosure, a bank will sanction a short sale allowing a Buyer to purchase the home for less than the mortgage balance while the home is in pre-foreclosure state. A pre-foreclosure stage is the first of the three stages of foreclosures. Here are some of the steps of a short sale: • Seller signs a listing agreement with a real estate agent subject to selling as a short sale with third-party approval. · A Buyer makes an offer for less than the amount of the mortgage. · Seller accepts the Buyer's purchase offer. · Seller's bank accepts the Buyer's purchase offer. • Transaction closes when the Buyer delivers the funds, the bank releases the lien and the Seller delivers the deed. COLDWELL BANKER WARDLEY REAL ESTATE Call 702-604-7739 to sell your property today. We don't try to sell your home; we MARKET your home to sell. Coldwell Banker Wardley gets YOU results! Visit our Las Vegas Short Sale site at http://www.savemefromlasvegasforeclosure.com
Need to sell your Las Vegas, North Las Vegas, or Henderson Real Estate? Let Coldwell Banker Wardley Las Vegas Real Estate provide you with the best marketing and customer service in the Valley! Facing Las Vegas Foreclosure? Need to sell - but owe more than your property is worth? We can help! Coldwell Banker Wardley has top Las Vegas Short Sale Agents! With one of the highest success rates in closing Las Vegas Short Sales, the Coldwell Banker Wardley Brokerage is on your side.
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