The Impact Of Short Sales On The Real Estate Market
Sommer Law Firm19 Jun, 2023Real Estate
Due to financial trouble, a property is sold for less than the overdue mortgage sum in a short sale. Lender permission is necessary, and the market value of the property is determined. There are negotiations between the buyer, seller, and lender. Short sales can have serious consequences for credit and tax responsibilities, and the process can be difficult and time-consuming. To manage the short sale procedure, homeowners should speak with a short sale attorney.
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