Houses For Sale In Northern Virginia
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September 19, 2011
Virginia real estate
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Top Short Sale Questions in Fairfax Virginia
WHAT IS A SHORT SALE? A “Short Sale” or “negotiated settlement” or “short pay” occurs when a Lender agrees to accept less than the amount owed to payoff a loan as an alternative to foreclosure. If the property is worth less than the amount owned on the loan, then even if the Lender forecloses and takes back the property, they know they are going to take a loss. In Fairfax VA we can often convince a … Continue Reading