Found 1 blog entry tagged as Foreclosure avoidance.

Short Sale Guide: What Homeowners Need to Know Before Selling

Navigate the complex process of selling your home for less than you owe

What Is a Short Sale?

A short sale occurs when a homeowner sells their property for less than the amount owed on their mortgage. This real estate transaction requires approval from the mortgage lender, who agrees to accept less than the full loan balance to avoid the lengthy and costly foreclosure process.

While a short sale can provide relief for struggling homeowners, it's a complex process that requires careful consideration of financial, legal, and credit implications. Understanding the ins and outs of short sales can help you make an informed decision about whether this option is right for your…

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