Short Sale - A solution used to describe a sale where the home is being sold for less then what is owed on the property.
Loan Modification - A solution where changes are made to your loan that change the terms of the loan typically to benefit the borrower.
Short Payoff - A situation where the lender bids less then the original amount owed on the loan. Potentially giving the borrower the opportunity sell the home for profit.
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Forclosure solutions
The materials contained within this page may not be reproduced without the express written consent of REALTY PRO, LLC. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied.