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If we want to signup in the real estate market we should be aware of foreclosure short-sales. We may come across dozens and dozens of properties in foreclosure with small or no equity, that is, the vendor owes at close to or more than the property is worth. In certain conditions, lenders are sometimes eager to accept less than the full amount due, this is commonly referred as “short sale” or “short pay.” Negotiating a small sale with the lender is a not so easy process, usually because it is a intimidating task finding such qualified person as a bank officer who has the authority to accept a discount. More than probable, each lender you deal with will have a separate name for this section, so be patient as much as possible when cal … jeffadam , jeff adams investments , jeff adam real estate , jeff adams investments websites , jeffadams.

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The Foreclosure Basics – Short Pay (section-i) Posted By: jeff…

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