Q: Are there specific short sale rules that I need to know before getting started? A: Although lenders have their own guidelines, there are some short sale rules that apply across the board. To short sell a house, most home owners can determine their qualifications using these few, simple short s
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01/30/2011
Question: What exactly is a Short Sale? I keep hearing talk about it and would like to know more. Answer: A short sale is a loss mitigation solution. And usually, the only thing short about it is the name, and the amount of payoff the home owner's lender or mortgage investor is willing to accept
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01/28/2011
Question: What exactly is a loan modification? Is it a better choice for me than a short sale? Answer: As the name implies, a loan modification or mortgage modification is an adjustment or alteration made to an existing mortgage loan. These adjustments to the terms of a mortgage, are intended to
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01/21/2011
Q: Why would my lender approve a bank short sale? A: A bank short sale can save the lender money while benefiting all involved. In many metro Atlanta, Gerogia neighborhoods, short sales are on the rise. And for good reason. A bank short sale is a win-win-win-win situation when a borrower is in an
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01/19/2011