Foreclosure? Call the Bank's Bluff w/ a Short Sale
Автор: Fazzio Law
Загружено: 2022-06-08
Просмотров: 1426
A Short Sale is where you offer the bank that you will sell your home, but will pay them less than what you owe on the mortgage. For instance, if you owe $1,500,000 but can only pay the bank $800,000 because the property is only worth $1,000,000 and you have Closing Costs and other liens to pay first. A short sale can get you out of foreclosure, wipe the slate clean of other debts (credit cards, tax liens, property tax liens, judgments, UCCs, Merchant Cash Advances, etc.) and simultaneously give you time to plan for your next move, control over all aspects of selling your home, and peace of mind that you do not have to worry about getting kicked out or suffering a Sheriff's Sale.
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