The Short Sale That Got Away

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How to Get Entire Mortgages Forgiven | Home Guides | SF Gate – Second Mortgages. If you’re struggling to pay your first mortgage, you likely can’t pay your second mortgage either. When your home gets sold through a short sale or foreclosure, the money goes to pay off your first mortgage first. If there is any money left over, the holder of your second mortgage gets it.

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These short sales usually close in a shorter amount of time, at least in my experience. I have a short sale approved property- 1 Family detached home in East Flatbush – $325K Open House – Saturday and Sunday – 3/20 & 3/21 at 1372 Brooklyn Avenue, Brooklyn, NY 11203- between Foster and Newkirk Time: 1:30 to 4:00 p.m

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Will Farrell Realtor – Real Estate – When browsing "Active" property on my website, if you see in the description that it’s "Active With Contract," please understand that it’s not really active and that it does have an accepted contract on it, however it’s most likely a short sale and the seller wants to leave the property on the market for a backup offer to use in the event the.

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New Short Sale Rules: What You Need to Know | HGTV – Of course, reading about all of these rules might easily persuade a homebuyer or owner to stay away from the short sale. But keep in mind that the real estate specialists and bankers are the ones who contend with the paperwork and phone calls, and that’s why a Realtor is there — to help walk you through the process.

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