Wikipedia defines a short sale as the following, “A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property’s loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the...
Short Sale Deficiency Balances: What Are They and How to Avoid Them The Basics When the lender agrees to do a short sale, that means the lender is accepting less than the total amount due on the property. For complete details on this you might want to read my post on...
Profit Sharing, Revenue Sharing, and Residuals (PS for our purpose) is becoming more and more common in today’s market. I have met more than a few people who went with one company or another for this reason. On the surface it usually sounds great, but what about is...