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Short Sale: A short sale is a transaction in which an investor sells borrowed securities in anticipation of a price decline and is required to return an equal number of shares at some point in the.
If you’ve lost your home through a short sale and want to get another mortgage loan, you might be wondering how long you’ll have to wait. Your credit will take a hit after a short sale, although possibly not as much as it would if you had lost your home through foreclosure.Nevertheless, a short sale will likely prevent you from getting another mortgage right away.
Of course, reading about all of these rules might easily persuade a homebuyer or owner to stay away from the short sale. But keep in mind that the real estate specialists and bankers are the ones who contend with the paperwork and phone calls, and that’s why a Realtor is there — to help walk you through the process.
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The lender will send out either an appraiser or ask an independent. The thing that short sale investors fail to understand and always get.
A short sale is a home that is available at a purchase price that is less than the amount owed by its current owner. The transaction benefits the bank by allowing it to avoid repossessing the home.
The Journal notes that the sale process “is ongoing” and might not result in. The company did not say whether it has actually made any legitimate offer to Verizon, however. Got a tip for us? Use.
When browsing "Active" property on my website, if you see in the description that it’s "Active With Contract," please understand that it’s not really active and that it does have an accepted contract on it, however it’s most likely a short sale and the seller wants to leave the property on the market for a backup offer to use in the event the.
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A short sale is a real estate transaction where the owner’s lender agrees to accept a purchase offer from a new buyer, short of what is owed by the original owner. This could be great for you, the buyer, but it could take a long time to move into your home.