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Foreclosure Solutions. Short Sales Explained. Resources. Blog . FAQ. Contact Us . Foreclosure Solutions . The current U.S. housing market and national financial crisis has caused untold stress and heartache for many American families. Foreclosure is one of the most devastating financial.
Foreclosures and short sales offer deep discounts for buyers. Someone buying a house in a short sale can expect the home to cost 10% less than an ordinary home on the market;foreclosures are even cheaper,often by about 30%. However, these purchases are not without complications.
Short Sale: A term that describes the sale of a property for an amount less than the unpaid mortgage. This happens when a borrower cannot afford to keep making mortgage payments and cannot pay the difference between the sale price and the unpaid mortgage.. Find pre-foreclosures, foreclosure.
A successful short sale includes the lender forgiving any remaining loan balance, clearing you from any future contractual obligations to the lender. california short Sale Solutions provides short sale counseling and services to any homeowner in the state of California at no cost.
Simply put, Equator strives to make home buying easier by providing homes for sale in every community across the United States. With the most current and up to date listings of homes for sale, Equator aims to provide you with the most comprehensive real estate database on the market.
Short sales and foreclosures are two financial options available to homeowners who are behind on their mortgage payments, have a home that is underwater or both.
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Short sales tend to be lengthy and paperwork-intensive transactions, taking up to a full year to process. However, they are not as detrimental to a homeowner’s credit rating as a foreclosure is. A.
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