A Short Sale is when you cannot sell your home for an amount that will pay off the mortgage loan, whereby the mortgage servicer may be willing to accept a payoff amount less than what is owed on the mortgage balance in certain situations.Â The resource for on line information is www.FreddieMac.com/corporate/buydown/english/avoiding_foreclosure/index.html.
Any Homeonwer or Agent helping others facing difficult options should watch this webinar available 24 hours taught by national trainer for Freddie Mac.Â
This is a training presentation to National Association of REALTORSÂ® from Freddie Mac by Wayne Ferguson, National Trainer, for REALTORSÂ® dealing with options for distressed homeowners with specifics on SHORT SALES.
This is well worth the 35 minutes.Â If you are an agent,Â you may want to share withÂ homeowners directly. There is a quick auto download to make the web-ex work.
For the math example and more,Â including if the lienholder is Freddie Mac: follow link,
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