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babarpeters1

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    babarpeters1
    • A 35 year old male gamer
    • United Kingdom
    • Joined on August 17th 2012, last online on 27 April 2017.
    • Profile Views: 636
    • Forum posts: 0 times which averages 0 posts per day
    • User Reviews: 0 reviews
    •   VG$ 1,000.00
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    Points

    Biography

    Height: 0'0

    Build: Other


    About Me:

    Short Sale | Short Sale Realtor | Short Sale Agent
    This occurs when the net proceeds from the sale of a home are not enough to cover the sellers' mortgage obligations and closing costs, such as property taxes, transfer taxes, and the real estate practitioner's commission. The seller is unwilling or unable to cover the difference.

    Some -- although by no means all -- short sellers may also be in default on their mortgage loans and be headed for foreclosure. However, home owners who bought at the top of the market or who took out large amounts of equity with a refinance and who now need to sell because of divorce or job transfer may also find themselves upside down, owing more than the home is currently worth when closing costs are factored in.

    Other sellers simply don't understand that if they have assets, such as stocks or a high-salaried job, a lender is not going to let them just walk away from a short sale without signing a note to repay what they owe.

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