People often get confused between foreclosure and short sale. If you do not care so much about the details, perhaps they do mean the same thing. But if you are a real estate investor, especially a sophisticated real estate investor, knowing the (subtle) differences between foreclosure and short sale will give you a competitive edge.…
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How to Short Sale
In the real estate world, Short Sale means the bank is willing to sell a property to a buyer at a price less than the outstanding mortgage balance. This means the bank will need to write off the remaining balance and call it even. When deployed properly, this can be a very powerful strategy for…