Tuesday, February 14, 2012

A Short Sale Needs A Short Sales Specialist - Helpful Tips

What Type of Loans Are Involved?

What type of loan or loans are against the property?  VA, FHA, Conventional, USDA, or something else can make a difference in the lender's response to offers.  Some loan types give them more flexibility, and some are quite limiting in how the lender can negotiate an offer.  Loans guaranteed by government or other entities can provide a hint as to how far the lender can come down based on how much they'll recoup from the guarantee.

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