what is a short sale ? -
- Tammi Registered Buyer
A short sale is the sale of a home in which the funds from the sale will fall short of satisfying the debts currently on the property. The seller's bank or lien holders will have to accept less than the amount of the debt owed to them. This is very common in West Michigan today and other parts of the country. We have seen short sale approvals take from a few days to over 5 months. Do not be afraid of a short sale, just be patient.
Lyvonne  Lees
Area Manager
NMLS#364735
First National Bank of Layton
Desk: 616-949-3338
Mobile: 616-901-7331
 
 
Category - Home Buying

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