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All About Short Sales


What Is A Short Sale?
A short sale is when more is owed then the current value

How Will It Help The Homeowner?
With a bank accepted offer it may stall foreclousre

How Does A Short Sale Affect My Credit Score?
Less damaging then a foreclosure

Who Pays The Realtor Fees?
The mortgage company or bank

Who Does The Negotiating?
The realtors negotiate with the buyers, banks and the short fall on the owner's behalf
What Is A Short Fall?
The difference between the sales price and the loan balance