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Short Sales 101 - HD Video
Wednesday, September 14th, 2011 at 10:38am. 1171 Views, 6 Comments.
This is a 3 minute video introduction on what a short sale is and who might be a good candidate for one. The transcript of the video is below.
Transcript
Hi, my name is Ryan Ward with Premier Atlanta Real Estate and Keller Williams. Thank you for your time with me today to learn about short sales. For too many reasons to go into today, the term short sale has become one of the most talked about types of transactions in the real estate market. So first, let’s make sure we get our definitions correct. A short sale happens when a lender agrees to accept a contract on a home when the sales price is less than the amount needed to pay off that mortgage. The bank is allowing the owner to sell the property “short” of the full payoff. So that’s…