The Short Sell & Buy Home Loan Program is a loan program available to current and future homeowners
who have lost significant equity in their current home
and have experienced an economic hardship.
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To Short Sell, the existing bank or lender of the home mortgage agrees to discount the loan balance on the home because of an economic or financial hardship on the part of the owner.
These extenuating homeowner circumstances are usually related to the current real estate market and the borrower's financial situation.
A Short Sell is typically negotiated and executed to prevent a home foreclosure by your Realtor or by a skilled negotiator!
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Our lenders can offer your homeowners
who are upside down with their mortgages
and who have suffered a hardship,
the opportunity to buy their next home just after they Short Sell their current home!
We call it the "Short Sell & Buy" Home Loan Program!
And its only for qualified homeowners, but it can help continue the dream of home ownership.
UPDATE! New Federal Guidelines published at the end of 2009, state that the new home purchased must be "inferior" to the one being short sold!
Call us ~ or have your Realtor contact us!
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