What is a Short Sale ?
D.C. Fawcett asked: Benefits to the Seller of the property The seller wins by avoiding foreclosure by selling their home before the foreclosure auction even if they owe more than its worth.If sellers were to sell their home foreclosures the traditional real estate transaction with a realtor without a short sale, typically they would have [...]
Short Sale Approval: Tips For Getting Loss Mitigation To Approve Your Offer
Simon Volkov asked: Short sale approval can be a lengthy and complex process. Obtaining approval for short sales must be processed through the lender’s Loss Mitigation Department. There are many steps involved with a trail of paperwork.When lenders engage in short sale approval transactions they agree to accept a lesser amount than is owed on [...]
