Monday, January 30, 2012 - Article by: Lender411 Member
The Keep Your Home Short Sale:
...You Can Now LOWER Your Mortgage Balance
To Todays' True Value...
And STAY IN YOUR HOME
The Non Profit Organization we work with makes a short sale offer on the home. The offer is for all cash.
The Non Profit will handle all the processing and negotiation of the short sale for the listing agent. This allows the listing agent to go out and find more listings.
When the short sale is approved, the Non Profit buys the property.
The former owners then lease the property with option to buy. The Nonprofit Organization will hold the property for up to three years. That should be enough time for the family, with help, to repair their credit so that they can qualify for a new mortgage.
You can buy back the house at any point in those three years.
Any and all appreciation is the property of the owner
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