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I’ve received many calls from prospective buyers
interested in my short sale listings asking if the listing price has
been approved by the bank. On a short sale, the seller
owes more than their house is worth, so the seller’s lender(s) must
approve the sale price and accept a discounted loan payoff in order for
the house to ...
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We’ve all seen the horror stories relating to short sales, and some
of us have experienced them. As a short sale specialist, I often times
find myself questioning the logic of banks.
The government has
even stepped in on occasion, passing legislation that is supposed to
improve how banks handle the short sale process. ...
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Do you qualify for a short sale? You may have determined that you
wouldn’t be able to sell your house for a high enough price to pay off
the existing mortgage(s), and you’re now considering a short sale. You
may be in foreclosure or just one or two payments behind, or maybe
you’re current on your mortgage but unable to ...
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Has a real estate agent offered to negotiate a loan modification or a short sale for you, or are you a real estate agent that has offered these services to your client? The purpose of a loan modification is to get the bank to modify the mortgage terms to reduce the interest rate and/or monthly payments on an existing mortgage. On a successful ...
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