A short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold. In this case the lender agrees to take less than the amount owed on the debt, in return for the sale of the property to a third party, usually at no cost to the borrower. Nowadays, there are already people who are very willing to help you with this kind of transaction and one of these is the Housing Assist.
Housing Assist has developed for over 35 years, a system that helps homeowners dealing with distressed properties. They assist homeowners throughout the nation in negotiating down the loan balance of their home. To know more about them and what help they could give, visit Housing Assist today.
Wednesday, April 28, 2010
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