A Short Sale Lawyer Can Negotiate on Behalf of the Short Sale Buyer, and with the Mortgage Lender and Seller in Distress, to Acquire a Property for Less than the Payoff Amount, and even Less than Fair Market Value
Definitions: “Short Sale” Vs. Regular Sale;
Definition: Friendly Sale vs a 3RD Party, Arms’s Length Sale
Definition: Sale for Fair Market Value vs. Payment of Loan Payoff
When Used?
Advantages to Short Sale: affordability
Disadvantages ot Short Sales
Challenges: Avoid Taxes; Secondary Liens; Difficult Lender;