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The Process Of Buying a Short Sale Home
A short sale can be described as a kind of 'pre-foreclosure' sale whereby a lender agrees to receive less than the outstanding loan amount in order to avoid the problems of foreclosure and everything it entails. Because of this, the outcome of short sales can produce a purchase price that is ...
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Presenting a Short Sale to a Homeowner
Well the economy has changed and seventy-five percent of the homes are upside down (term of art which simply means that the mortgage is higher than the market value of the home) and our locators run into homes that we can not purchase unless the banks will take a loss. So how do you get a homeowner ...
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By Working Short Sale Properties Real Estate Agents And Brokers Can Stay In The Game
If there was ever a time in the Real Estate business where learning a new skill could prove to be a life saver, then this is the time. With the virtual wave of foreclosures hitting the already over-crowded market, the prospect of Realtors and Brokers having their own income take a hit is a very ...
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Short Sale 101
This occurs when the net proceeds from the sale of a home are not enough to cover the sellers' mortgage obligations and closing costs, such as property taxes, transfer taxes, and the real estate practitioner's commission. The seller is unwilling or unable to cover the difference. Some ? although by ...
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What Is A Real Estate Short Sale?
A real estate short sale is the sale of a property for less than what is owed on it by the owner obtaining permission from the mortgage company to sell the home at a discount and to avoid foreclosure. Today, more than ever, homeowners are rapidly defaulting on their mortgages and to top it off, ...
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Investing In Short Sales
Anyone actively investing in foreclosed and distressed properties has no doubt come across one major problem. Finding deals with equity! Trust us, this is a nationwide problem. There are so many foreclosures out there; unfortunately most of the homeowners owe what their property is worth. We find ...
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Short Sale - 8 Common Questions
I have processed short sales on behalf of my clients for many years. If you are a homeowner (considering doing a short sale), be sure to find a REALTOR in your area who is knowledgeable and has experience doing them. If you are a REALTOR, you should strongly consider adding short sales to your ...
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The Basic of Short Sale
When considering what a Short Sale is, the most obvious situation that crosses our minds is the Short Sale which is quite a common term that you hear often in connection with Property Mortgages. A Short Sale is generally closely associated with what is known as a Foreclosure. Since these situations ...
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Short Sale Training - The Biggest Short Sale Mistake
I'm writing to let you know about the #1 way to speed up the Short Sale process that very few Realtors actually know about. Not using this strategy is the Biggest Mistake most Short Sale Realtors make. It may not be what you think, because it's not a "traditional" real estate strategy... I can't ...
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Lenders Give Away Instant Equity With Real Estate Short Sales
What is a Short Sale? A short sale happens when a lender is willing to sell a property for less than the total amount owed by the borrower. The property is worth less than owed therefore, has no equity and the homeowner is seriously behind in payments. In many circumstances more than one lender is ...
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