You are invited to attend an informative session on short sales presented by the Urban League of Southern Connecticut on March 24th from 10:00am - noon.
Here are a few questions to consider: Have you exhausted all of your refinance or loan modification options? Thinking about a short sale to address your mortgage delinquency? Do you understand the short sale process? 
A short sale is a sale of real estate property in which the proceeds from selling the property will fall short of the amount owed to the lender and the owner can not repay the full amount. With the proper criteria and qualifications you are able to request that the lender agree to release you from the loan amount and accept less than what is owed on the debt. Any unpaid balance owed to the lender is called a "deficiency". Short sale agreements do not necessarily release borrowers from their obligation to repay the deficiency, unless agreed upon between both parties.
A short sales is a great alternative to a foreclosure, because it saves valuable points on your credit score.
Thinking about your options? Join us and learn if a short sale makes sense for you. At the session you will be able to meet with a certified HUD counselor, obtain legal advice from a real estate lawyer, speak with an accountant and meet me to discuss the shot sale process from a real estate point of view.
If interested, please register to reserve your seat today! phone:203-327-5810 or e:mail housing@ulsc.org
Looking forward to seeing you. Or if you know someone with an interest, please feel free to share this Short Sale - Stamford event invitation with them!
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