What is a Short Sale?
A short sale is where a homeowner sells their home for less money than they owe on the property. The owner of the home negotiates a discounted payoff with their mortgage company without having to …
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Why Would a Lender Agree to a Short Sale?
Banks and other lenders generally agree to short sales in order to avoid having to foreclose on a property and take it into their inventory. Most lenders would rather cut their losses and avoid a …
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What Are the Alternatives to a Short Sale of My Property?
A short sale of property may be the best option for curing your current housing problem, but it is not the only option. You may be able to arrange for a loan modification from your lender, where …
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Is a Short Sale Right for Me?
If you are wondering if a short sale of property is right for you, you should know that it is a highly individualized and personal issue. However, there are some circumstances and factors that …
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Why Would a Lender Agree to a Short Sale?
Banks and other lenders generally agree to short sales in order to avoid having to foreclose on a property and take it into their inventory. Most lenders would rather cut their losses and avoid a …
more