The KCM Blog

Wednesday, December 16, 2009

11 Short Sale FAQs

December 16, 2009

1) What exactly is a SHORT SALE? A short sale is when a property is sold for less than the sum of all liens on the property.  The lender often  agrees to forgive the unpaid amount and releasing the borrow from any remaining obligations. 2) What conditions must exist for a lender/service company to consider a short [...]

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