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Articles on what is a short sale from how to stop foreclosure information archive:
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What is a Short Sale?
Since the real estate market turned for the worst, a lot of Borrowers have found themselves in a position where they owe more than their home is worth. As long as you don't need to sell your home and as long as you can afford the payments, your best bet it to sit tight and do nothing. Eventually ...
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Sun Tzu and the Art of the Short Sale
If you are not aware of just who Sun Tzu was, then you may want to go to Amazon.com and order The Art of War. It is an absolute must read for those in business. More than 2,500 years ago, there was a period in China known as the Age of Warring States. This was an age of great conflict and ...
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How to Negotiate a Short Sale
I am often asked about the process of negotiating short sales. When people ask, they generally think that there is some magic formula or process that is universally followed to get a deal done with the bank. This could not be further from the truth. Here is the key , when conducting any negotiation ...
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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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Finding Solutions when Facing Foreclosure
An increasing number of homeowners behind on their mortgage and facing foreclosure are finding solutions to sell despite the large inventory of homes for sale in the current market. Their solution is called "short sales". Short sales are similar to regular home sales except an agreement is reached ...
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California Home Equity Sales Contract Act - A Mine Field for the Unprepared!
When I first got started in the real estate investing business in 2006, the avalanche of foreclosures was just beginning. Before attempting my first short sale here in Southern California, I discovered I needed to comply with Civil Code Section 1695 by using a very particular type of purchase and ...
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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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Foreclosure Quicksand - What To Do When Your In Foreclosure
I am going to review some of the top techniques for buying and selling property as a real estate investor. The hottest technique today is the short sale and foreclosure market. What is a short sale - A sale of a house in which the proceeds fall short of what the owner still owes on the Mortgage. ...
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Short Sale Questions
The main stream media continues to be rich with stories about the struggling real estate market, here in the Sacramento area as well as across the country. They generally revolve around the increasing number of foreclosures, the mortgage crisis and now some of the government programs that may or ...
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Six Steps to a Successful Short Sale
A short sale is where the sales price of the property is less than what the seller still owes and the lender is willing to accept less than they are owed. Why would a lender agree to a short sale? Mortgage lenders are in the business of making loans not owning property. When a loan is in default, ...
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