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LET OUR SHORT SALE RESPONSE TEAM HELP YOU!
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CALL US TODAY AT 248 628-4711 FOR A FREE PRIVATE CONSULTATION. OUR NEGOTIATORS CAN HELP! Short-Sale - A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than is actually owed. Deed-in-lieu-of-foreclosure – A deed given by an owner/borrower to a lender to prevent the lender from bringing foreclosure proceedings. The validity of the deed depends to some degree on “fairness” under the circumstance, and adequacy of consideration will be considered. Foreclosure – A proceeding in or out of court, to extinguish all rights, title, and interest, of the owner of property in order to sell the property to satisfy a lien against it. |
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