Short sales take place when properties are sold for much less than is owed, leaving negative balances or sale proceeds. Such sales are conducted like most other real estate sales, but the lenders of the sellers are highly involved in the whole closing procedure. Following is the proper process of closing a short sale deal in Atlanta real estate. Approvals of Short Sale In order to close a short sale Atlanta real estate deal, the lenders of the sellers must provide approval for the sale and this process can take months. Usually, the lenders approve the short sales simply by giving an approval letter which has complete instructions for the closing for the buyers of the properties. After the short sales of the sellers get approval from the lenders, the buyers are required to follow the complete guideline of the lenders. It must also be remembered that the lenders […]Read More
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