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Selling Homes With Negative Equity: Avoiding Short Selling and Foreclosure
This guide will provide attractive techniques to sell these properties with little out of pocket expenses and possibly some cash gains. The subprime crisis devastated the equity of many homeowners who are now unable to sell their homes. Now it's your chance to strike back. The general audience for this book includes buyers, sellers, real estate agents and mortgage brokers looking for successful problem solving and closing techniques for distressed properties. These properties include pre-foreclosures, short sales and seller distressed properties (homes under-water). All of these situations present unique challenges that require effective targeting, negotiation skills, and creative solutions to bring about successful acquisitions. Finally, the appendix discusses what the options are for those facing foreclosures. Can one stop a foreclosure from taking place? Under certain legal conditions, not only can the foreclosure be rescinded, the borrower’s loan can be completely forgiven in some situations!
Author: Ralph J. Migliozzi