Chula Vista Short Sales: The bank won't release you from the debt! What now?
By Mike Watson
(Keller Williams Realty)
Chula Vista CA Short Sales - I recently met a realtor who sells properties in a beach town. "Short sales take 9-12 months. The banks are so hard to deal with", she said. She mentioned short selling a customer's property. The sellers were two doctors that had to take a promissory note. The sale was for 900k, so the loss must have been above average. Discover how other sellers successfully did a short sale and request a free consultation by clicking here. In this case, her customer's were ok with a promissory note. I'm here to discuss what is necessary to short sale and not get a promissory note. Negotiating short sales on more expensive homes is much different than your average short sale. The most common loan types that will give you a complete release are Fannie Mae, Freddie Mac, FHA,...
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