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Understanding the Short Sale Transaction

March 6, 2013 by Robert Firth Leave a Comment

Understanding the Short Sale Transaction

 

A “short sale” is a real estate transaction in which a home seller’s mortgage lender agrees to accept a payoff that is less than the amount owed on the mortgage. When homeowners find themselves with a serious financial hardship, and owe more on the mortgage than the home is worth, a short sale may be a way to avoid foreclosure by negotiating a settlement with the lender. 

For more information contact me at (760) 770-4066

Filed Under: Uncategorized Tagged With: law, real estate

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Attorney Robert Firth works with clients throughout the Coachella Valley and all courts throughout Riverside & San Bernardino Counties. We regularly work with clients in Palm Springs, Palm Desert, Indio, La Quinta, Rancho Mirage, Indian Wells, Desert Hot Springs, Yucca Valley, El Centro and Imperial County.

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