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A real estate short sale is a negotiated agreement allowing the lender to accept less than is owed on the mortgage. Short Sale Solutions is a short sale processing & negotiating company assisting real estate brokers and agents, as well as homeowners, in getting their short sales closed.
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Short sales, if done right, can help homeowners avoid foreclosure.. What may be the optimal solution for one homeowner may not be optimal for another.
A short sale, also known as a pre-foreclosure sale, is when you sell your. the reasons why you are having difficulty in order to find the right solution for you.
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Understand the difference between a short sale and a foreclosure; both result in the loss of a home, either through a sale by the owner or the.
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Deed in Lieu of Foreclosure and Short Sale are both alternatives to foreclosure.. They are attractive solutions because they do not hurt the borrower's credit as.
If the servicer is responding to an unsolicited short sale request from a borrower, it is authorized to proceed directly with evaluating the borrower for a Fannie Mae short sale without first conducting an evaluation for a home retention workout option.
/ Foreclosure Solutions / Short Sale – It can work in Canada too!! August 27, The lawyer negotiated a short sale with the lender and he has agreed to accept $10,000 less than the amount owned on the 2 nd mortgage. The deal has closed this week.
Discuss whether this is a short- or long-term problem. The lender may have a solution that helps you. agreement with your.