Short Sale Process Explained - Solana Beach California - Short Sale my Home
By Cody Haworth, Carlsbad Homes for Sale
(Four Seasons Properties)
Short Sale Process Explained - Solana Beach California - Short Sale my Home Do you think you are in a potential short sale situation? Do you know your options? You do have them... Overview: Short sales typically occur when a borrower is in a situation where the home is worth less than what is owed to the lender on the property. In some cases depending on the borrowers situation, the lender may approve a short sale which allows the property to be sold for less than the amount owed. In this case the lender approves the short sale and takes less, and the borrower is no longer responsible to pay the loan. In some cases the lender can ask that the borrower take back a loan to pay the deficiancy amount between what was owed and what the property sold for. However, in many cases,...
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