What is a “Short” Sale?
A Short Sale occurs when a property is sold for less than the amount owed on the mortgage and the Lender agrees to accept that amount as satisfaction of the mortgage still owed. It is important to note that two things have to occur to qualify for a Short Sale.
1. The home must be under contract and,
2. The Lender must accept the discounted payoff amount
MyTexasHomeResource.com has Listing Agents – REALTORs® who specialize in assisting home owners with short sale services including negotiating the payoff with the lien holder, maximum marketing and closing of homes.
For assistance from a local Short Sale Specialist – Real Estate Agent – REALTOR®, call or text 210-421-6311 or send an e-mail info@mytexashomeresource.com.
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