What Exactly is a Short Sale? A short sale is if your mortgage lender accepts a reduction on a mortgage to avoid a possible foreclosure auction or bankruptcy. Rather than buying from a seller, you’re buying the home or property straight from the lender for a reduction. As an example a homeowner, who is facing [...]
“How to do a Short Sale…” In real estate a short sale is not always a pleasant transaction. There are many ways to lose a home but signing away ownership in a way that destroys credit, embarrasses the family and strips an owner of dignity is one of the hardest. For home owners that may [...]
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