Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Property Q&A in 19106 : Real Estate Advice

  • All19
  • Local Info0
  • Home Buying9
  • Home Selling1
  • Market Conditions0

Activity 2
Sat Feb 15, 2014
aengineerdu asked:
I'm contemplating moving to an apartment building that was built in the 1920s, which means that it has no central HVAC. In Philadelphia I need air conditioning in the summer. It would…
0 votes 0 Answers Share Flag
Wed Jun 15, 2011
Greg Damis answered:
George,
Short Sales can be a win-win-win situation for Buyer, Seller and Lender. Here's How:
1. The Seller gets out of the mortgage liability without facing Bankruptcy/Foreclosure, and the associated blemish on their credit report.
2. The Buyer purchases the home at a reduced price since short sale listings are aggressively priced to sell.
3. The Lender agrees to a loss it considers minimal without costly forclosure. The last thing a lender wants is to own real estate, pay taxes, utilities and upkeep

I hope this helps,

Good Luck
Greg
... more
0 votes 6 answers Share Flag
Search Advice
Search

Followers

652