A short sale is when a homeowner sells a property for less than what is owed on the mortgage secured by that property, and the lender agrees to accept that lesser amount to satisfy the mortgage. There is no universal set of rules or regulations that determine if you are eligible for a short sale or whether your lender will approve a short sale. The basic process for getting a short sale approved includes:
Some lenders will not communicate with anyone but you or your real estate attorney regarding a possible short sale and others may not discuss the possibility of a short sale unless you are in default, or until a contract offer is presented.
We are available as a neutral this party to hold funds while certain transactions are completed.
Real Estate buyers and sellers will always encounter a large number of legal forms throughout their transactions. Some of these documents can be very complicated and technical. We prepare real estate documents giving you peace of mind that a professional will correctly handle the transaction.
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