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Understanding the Process of Real Estate Short Sales in the US

What is a Short Sale?

A short-sale is the process of selling your home under instances in which the proceeds of the sale may not fully settle the outstanding loan balance. The lender accepts a payoff that is discounted to fully settle the loan. The advantage is that the lender meets all the costs that come with the sale. Such costs include repair costs, escrows and titles fees, and commission just to name a few. You can avoid foreclosure by getting assistance to dispose your home and payoff your current mortgage.
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Selling your parents’ house after they’ve passed away

After your parents have passed away, it is, of course, a time to grief and mourn. However, it is important to decide what to do with their house as soon as possible. Any mistakes at this period may lead to misunderstandings and delay. This will in turn translate to increased charges on the house. Here are a few guidelines to help avoid such situations.
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How to Avoid Foreclosure on Your Home in the US

Foreclosure is a legal proceeding that could lead to the loss of your home. If you miss more than three mortgage payments or your mortgage lender files a Notice of Default, you might have fears that the loss of your home is inevitable. However, just because the lender files the foreclosure does not mean that they will automatically win. Several strategies can help you to stop the foreclosure process, keep your home longer and save your property outright.
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