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Times have definitely changed. Until recently, the
term "Foreclosure' was something that happened
infrequently. Today, however, nearly half of the
properties in the market for sale are either a foreclosure
or short sale. These terms are constantly in the news
and are part of nearly every search by buyers for
property.
A very short and over simplified definition of these
terms is as follows:
SHORT SALE - the seller owes the bank more than he can
possibly get by selling. An approved Short Sale
allows you to sell your property for less than you owe the
lender. An excellent alternative to a foreclosure.
FORECLOSED PROPERTY is the term applied to
properties that are now owned by the bank.
If you are facing one of these situations there MAY BE
HELP available to you. Call our Short Sale / Loan
Modification / Foreclosure specialist - David Hester.
He will explain your options and perhaps help you save
your property.
Contact Information:
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