Short sales are when a home owner owes more on their mortgage than the market will provide if the house was sold. The difference between the mortgage amount and the selling price of the home is called the shortfall.
There is so much data written on short sales, so we will produce a video a week and post them to help the Home Owner struggling to pay their mortgage and not knowing where to turn.
This video is highlighting the common causes for short sales, that the banks are approving.
Pam Crawford, ABR,e-PRO®,CRS,CDPE,LMC
Owner, REALTOR®, Managing Partner, MBA, BSBA
RE/MAX Professional Associates
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