VIEWS: 1,077 PAGES: 18 CATEGORY: Real Estate POSTED ON: 12/23/2009
This is a guide that provides property owners with more information about short sales. A short sale occurs when a property owner owes more on the loan than the property's current value. Under a short sale agreement, the property owner makes an arrangement with the mortgage lender to accept a price that is for less than what they owe on the property. Usually, the lender will agree to forgive any unpaid balance. Short sales are useful for homeowners that owe the lender more than the property is currently worth and want to get rid of the debt. This guide is useful for property owners that want to learn more information about the short sale process.
"Short Sale Guide"