What is a “Short Sale”?
short sale (also known as a “short pay-off” or “pre-foreclosure workout”).
1. In real estate an agreement with your lender to accept less from your home sale than the amount you owe on the loan. In a lender-approved short sale, your lender releases you from the mortgage, thereby preventing foreclosure.
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What did the house down the street sell for? Want to know call me or visit my website at http://www.cribbinrealty.com/
If you would like to know what your homes current value is check out Market Snapshot on my website http://www.cribbinrealty.com/market-snapshot-2.html or just call me at 636-294-6061.
For any of your Real Estate Questions or Needs call Me at 636-294-6061 or Mike@cribbinrealty.com Remember “Cribbin Realty” Where Performance Outsells Promises.
Mike Cribbin
Wednesday, February 24, 2010
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