What is a short sale? Are they willing to have $5000 and rent to own for $600 a month?

Asked by thetowners0327, Fountain Hill, PA Mon Dec 19, 2011

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This question is about this property: http://www.trulia.com/property/3065180930-580-S-Benner-Ave-F…

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Elizabeth…, Agent, Tannersville, PA
Fri Feb 3, 2012
Wow over a month without an answer?

"The basic answer to what is a short sale is a short sale is a property that sells for less than the balance owing on its mortgage. A short sale can be an underwater home, an apartment building or even vacant land. If there is a mortgage balance that is greater than the market value of the home, that property is a short sale."

In order to answer your second question about rent to own. Please call.
Elizabeth G. Schwarz
office 570-629-6100 or direct 917-846-3020
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