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D E T A I L E D I N F O R M A T I O N
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Short Sales
Click Here to Visit
Author / Publisher: John Michael
The seller's mortgage lender will be considering many factors in deciding whether to approve a short sale, including: Whether the seller deserves of a break, due to financial hardship caused by unforeseen circumstances such as layoffs, divorce or illness.
Whether it would be cheaper to simply repossess the house, make any necessary repairs and sell it through a real estate agent.
Your chances of success with the seller’s mortgage lender improve if your communication with them is organized and complete. Your first contact with the seller’s mortgage lender’s 'loss mitigation department' is crucial in making a good impression.
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