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Property Q&A in 19106 : Real Estate Advice

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  • Home Buying9
  • Home Selling1
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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…
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Wed Jun 15, 2011
Greg Damis answered:
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
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