Generally speaking a deficiency judgment is a court order which allows
a lender to take possession of and liquidate (sell) any asset of a
debtor who...
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A short sale occurs when the borrower owes more on their
mortgage than the current market value of their property if they were to sell
the property ...
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Behind every successful sale, there is also a naturally created personal bond that could make a world of difference and work to our advantage.
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Generally, each lender has its own rules and procedures
governing short sales. However, because
of the rising number of short sale applications an...
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Short sales are effective options all parties involved in the
transaction, the seller, buyer and the lender if they are successful.
The seller is le...
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The Mortgage Forgiveness Debt Relief Act of 2007 allows a homeowner to
exclude from taxation income derived as a result of a loan modification,
fore...
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A deficiency judgment is a judgment issued by the court against you
making you personally liable for the unpaid debt to your lender on your
mortgage...
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Many homeowners facing foreclosure opt to go the short sale
route. In a nutshell, a short sale is an
agreement between the homeowner and his mortg...
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