24-Foreclosures-Contracts

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Foreclosures Now let’s look at an Example in Real Estate: A homeowner sells their property in a short sale for $200,000, but they owe $250,000 on their mortgage. As part of the short sale agreement, the lender provides a waiver of deficiency for the $50,000 shortfall. The homeowner avoids additional financial liability for the unpaid […]

Back to: Foreclosures, Short Sales and Contracts
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23-TRID in a Short Sale-Contracts25-Non-Judicial Foreclosure-Contracts