Basically, a “short sale” is when a seller owes more money to their lender than the property will now sell for. Short sales are not new to the industry but were not prevalent in the market until now. We hear more of short sales now due to the real ...
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Appraisal Contingency
In the past several years, appraisal contingency clauses have been added to offers. This has been fueled by the government wanting to provide accurate values in purchasing a home. If the purchase price does not meet the appraised value, mortgage ...
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