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What Is A Short Sale?
by Mark Horan?
Welcome > For Sellers >
What is a Short Sale? by Mark Horan? ...
One of the buzz phrases of Real Estate currently is the phrase "Short Sales". What is it and how is it done may be your first question. A Short Sale is a process where a lender allows the sale of a home for less than the amount of the note, or the mortgage and in some cases forgives the homeowner the deficient amount. This process is to avoid an impending foreclosure. The homeowner must show a hardship to the lender of why the note cannot be repaid. The offer for purchase needs to be an amount that the lender feels that it is in their best interest to accept as opposed to the amount they will eventually receive in a foreclosure. This process isn't a right and it isn't guaranteed. Currently the success rate is only 20% to 30%. Every condition is different. If you are behind on your mortgage, you want to sell your home but your afraid that you cannot pay the Real Estate Professional's commission, the commissions are included in the Short Sale and are paid by the lender. The homeowner does not receive any revenue or pay any fees. Find a Realtor that deals with Short Sales regularly, an experienced Realtor can make your success is almost guaranteed. The Resident Team has experience with Short Sales. Call The Resident Team, we will console you so you understand all of your options. 407-301-0312. Or Fill out the form below. We will get back to you within 24 hours. If you have missed mortgage payments, don't wait, the clock is ticking.
 Please take a minute and fill out the form below and we will contact you. Let's get this behind you.
Buying Land and New Construction >Building Considerations
Are you planning to build your dream home? Once you are pre-approved for a loan and have found a professional real estate agent you trust, you are ready to start looking for the perfect lot.
Compare the qualities of several target neighborhoods by looking at schools, shopping, recreation and zoning. Make sure that the zoning regulations allow you to build the size and height of the home you want. Find out if there are use restrictions that would prevent you from developing your property as you intend. A visit to the local planning department will clarify your options for building.
Consider what type of home would best suit your lifestyle. Create a checklist to itemize the "must-have" interior and exterior features of a house that you feel are absolute requirements. Make notations about yard size, paint, roof and window conditions for the exterior, and floor plan, room quality and condition of the appliances for the interior. Bring your lists to your real estate agent. Together you can look over the currently available properties that correspond to your needs.
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| Q |
Where is the world's oldest hotel?
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| A |
The Hotel Ryokan in the village of Awazu, Japan dates back to AD 717, when an inn was built near a hot spring reported to have miraculous healing properties. |
 See More Real Estate Trivia > |
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Mark Horan
Resident Team Realty LLC
1813 West Virginia Dr.
Kissimmee, FL. 34744
Phone: 407-301-0312
Fax: 407-426-1101
Email: markhoran@NUMBER1EXPERT.com
The Resident Team welcomes anyone looking to buy or sell their home. We use all the latest technology to search, market and get the results that you desire. You will be kept up to date all along the way. We are a partner you can trust. Don't just listen to us, read the testimonials of our past clients on our web-site, they are our true voice.
Buying or selling a home can be the most stressful activity that a person can experience. It doesn't have to be that way! The Resident Team will strive to make it exciting and enjoyable!
Contact The Resident Team today for your Professional Real Estate experience. We specialize in Bank Owned Foreclosures.   
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