Short Sale vs Value


another great question has come up:

“what percentage of value are short sales ?’

First a short sale, is when the mortgage lender has AGREED to take less on the loan / investment then what is owed, with the house as collateral.

The mortgage company will determine the homes valuation prior to allowing a short sale. In most cases the homes value is what the lender will take with a short sale of that home.

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About Raleigh Homes Info

Greetings, My name is Tom Bohlmann. I am Allen Tate Realtor / Broker in the Raleigh, Durham, Wake Forest, Cary North Carolina areas. Your Home Search starts here: http://www.allentate.com/tombohlmann I have been involved in the Raleigh area real estate investing since 1995. I know all the ins and outs of many many different area markets that the average or even above average Realtor does not know. Give me a call or email so we can talk about your Real Estate Needs. Tom 919-543-5714
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