Manage episode 274845465 series 2809403
When you owe more on your home than the current market value and need to sell for a variety of reasons, such as loss of a job, reduced income, or drowning in debt, you may need to consider a short sale. And to accomplish a short sale, you will need a team of professionals who understand the short sale procedures. Many steps must occur to give a borrower the highest probability of getting the short sale approved by a mortgage servicer. So I am grateful to have Jeffrey S.Marks, Busse and Busse Law firm, a real estate attorney on the show to discuss what a short sale is and what has to happen to when a homeowner is distressed.
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