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Sellers who stop making mortgage payments -- and those headed into default who cannot refinance or work out financing alternatives with their lender -- have 3 options for sale: sell the home before foreclosure is final, give a deed-in-lieu of foreclosure to the bank or let the bank take the property in foreclosure. Buyers and investors often try to negotiate with the bank on short sales before the home foreclosure is complete, especially if the home is worth less than its mortgage balance.

At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.

  1. Short Sales
  2. Foreclosures

Short Sales

Short Sales

The fundamentals behind a short sale, why lenders accept short sale purchase offers, tax consequences to short sale sellers and benefits to sellers and buyers to negotiate short sales. How short sales affect seller's credit.

Foreclosures

Foreclosures

All about foreclosures, the risks and the profits. Whether you're an investor or first-time home buyer, foreclosures can be a great deal, but not without substantial risk and work. Here's how to protect yourself as a buyer or seller.

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