In an article written by Elizabeth Weintraub, About.com
Waiting for an answer on a short sale can be frustrating. A short sale happens when a seller's lender agrees to accept less than its unpaid mortgage balance to facilitate a sale between the seller and buyer, and banks take a long time to decide. To read the complete article:
http://homebuying.about.com/od/shortsale/a/91608_SS-REO.htm?nl=1
For more information on how Badger Realty can help you with REO/foreclosures in the Mt. Washington Valley and western Maine, contact Badger Realty, PO Box 750, North Conway, NH 03860; 603-356-5757; info@badgerrealty.com
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