Real Estate Short Sale 101 (via Real Estate Short Sale)

8 07 2010

Here are the basic steps to walk you through a real estate short sale. In case you’re new, a real estate short sale occurs when you attempt to negotiate a discount on the mortgage amount of a house you are trying to buy. Usually the property will be in foreclosure and will have no equity. Many times the mortgage amount will be higher than the property is worth, so you negotiate with the bank to accept less than the full mortgage amount. When work … Read More

via Real Estate Short Sale

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