Currently viewing the tag: "Short Sale"

Why do short sales take so long?

On February 2, 2010 By

What is a ?

A “short sale” occurs if two things happen:

The seller is attempting to sell for less than they owe The seller is unable to make good on the balance on his or her own

If the seller owes $100,000 and accepts [...]

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What is a Short Sale?

On February 2, 2010 By

A “Short Sale” is when a home seller sells his home for a lesser amount than what is owed on his mortgage, and the mortgage lender agrees to accept the lesser amount in lieu of a full payoff.

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Shared-equity partnership

On September 23, 2008 By

Shared-equity partnership is a property ownership arrangement between a homebuyer and an investor. The investor funds a portion of the home purchase and then splits the capital gains proportionally with the homeowner when the property is sold.

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