It is a widely understood and agreed upon fact in Atlanta real estate market now that short sale is the only way to get loan relief if the mortgage on a property is higher than its actual worth. Short sale helps avoid foreclosure and saves the borrower from financial disaster. Considering the psychological tensions and financial pressure on the homeowner and on the borrower, it is quite easy to predict the chances of mistakes in a short sale deal. So here I have done some homework for you to secure your short sale deal as a buyer or seller. 1. Understand the Complexities and Consequences Some states allow lenders to send notice of mortgage completion to the borrower after completion of foreclosure process. This means that the case is not closed even after the short sale. Make sure that you live in a state where the case is closed after […]Read More
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