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The loan is too high to sell after all expenses are paid? or
perhaps mortgage loan balances even higher than property value?…
NO PROBLEM!
A property in foreclosure is expensive for the lender. There are
months of unpaid mortgage payments, foreclosure fees, holding
costs, fix-up costs, marketing costs, and other costs related to
the sale of your property. In the end, the property often sells
for less than market value.
After evaluating these costs, we decided to offer short payoff
assistance to help prevent the costly foreclosure process
because fees accumulate rapidly. Short payoff assistance
provides desperate sellers with a solid alternative to
foreclosure. |
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