Short Sale On House

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The short sale process 1. Contact the Primary Lien holder and submit an application to be accepted into their Short sale. 2. The Lender should verify that any government programs, such as Home Affordable Foreclosure. 3. Once approved the Lender should provide the terms of the short sale. 4..

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purchased 16% of homes in February, identical to January’s 16%, but a tick up from a year ago (15%). distressed sales- foreclosures and short sales – represented 4% of sales in February, equal to both.

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We frequently review real estate agent marketing plans to find agents providing the quality our clients demand. Professional photography, brochures, local print advertising, web presence, home warranty offerings, social media activity are all important for a successful sale.

Short sales and foreclosures. Both short sales and foreclosures are usually the result of a borrower’s inability to continue making mortgage payments. A short sale is where your mortgage lender allows you to sell the home for less than your outstanding loan balance and cancels your obligation to repay the remainder of the loan.