September 16, 2009
A short sale in regard to real estate occurs when the net proceeds that a seller will realize
are less than the pay off amount of the existing loan or loans. Short
sales are becoming more frequent since the downturn in the real estate market
has lead many homeowners to be “upside down”-when a homeowner owes more on his
or her mortgage that the homes fair market value.
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Post by admin in real estate | Tags: real estate, short sale
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April 17, 2009
” Often, when a person dies, they have real estate that must be sold. If a person dies owing real estate that is subject to probate but their estate otherwise need not be probated (ie., no personal estate or the personal estate is less than $100,000 and there are no anticipated contested claims or controversies) in order to sell a piece of property that is titled to a deceased person, you need to do one of the following:
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Post by admin in real estate | Tags: Probate, real estate
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