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Entries Tagged as 'Short Sales'

Short Sales

May 25th, 2010 · No Comments · Short Sales

What is a Short Sale?A Short Sale is where the loan balance exceeds the market value of the home. Lenders, facing a surge in delinquencies, increasingly have been willing to accept short sales. How Did this Happen?Homeowners faced with stalled appreciation, little or no equity, and sub-prime mortgages (ARMs) that are resetting to higher rates […]

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