Thursday, November 16, 2006

Short Sales Transactions


Unfortunately, this term, Short Sales Transactions, does not mean Fast. This is when a property is worth less than the loans against the property and the seller cannot make up the difference between what the home sells for and the amount still owed to close the deal. This is time for agressive negotiations between the seller and the lender, and it needs to be addressed and disclosed prior to the house going on the market. It's a challenge. I can help. Pat Townsley, real estate consultant. www.PTRE.net

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