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Check out my personal Crye‑Leike Mobile App. The features that you love from this web site are now accessible anywhere you go and even more relevant.
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document.write(" If you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closing costs, and you don't have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your lender takes title of your home through a lengthy legal process and then sells it. Check out my personal Crye‑Leike Mobile App. The features that you love from this web site are now accessible anywhere you go and even more relevant.Dr. Debra Loomis
What to do if you are facing a short sale.
When the bank does respond, it can approve the short sale, make a counteroffer, or deny the short sale. The last two actions can lengthen the process or put you back at square one. (Your real estate attorney and real estate professional,with your authorization, can work your lender's loss mitigation department on your behalf to prepare the proper documentation and speed the process along.)Find property anytime