There’s no guarantee that potential buyers won’t get impatient or find another home they like better. Make sure the agent negotiating the sale is someone who will stay alert and check in frequently with the lender.
POINTS TO REMEMB O REMEMBER:
• In some instances, the lender might agree to the short sale of your house, selling it for less than the amount you still owe on the mortgage. • To help ensure your bank authorizes the short sale of your house, be prompt and thorough in providing your income verification and other documents the lender requires. • Familiarize yourself with all the details of how banks and other lenders usually handle the short sale process. • Compared to the usual home-selling process, a short sale might allow less time for marketing and making repairs. You might also have to sell for less, so don’t delay.
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