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XNET Real Estate Directory
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A short sale is the sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Here's an example of such a situation: Let's assume that a home owner, Mary, has debt on a house that's greater than the amount for which the property can be sold. In fact, Mary has an unpaid loan balance of $160,000; however, the property will only sell for $140,000. Naturally, this isn't a great situation for Mary, but it isn't good for the lenders, either. They're ...
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Say you just got your first deed subject to deal, and you are a little bit confused about the steps you need to take. You already, applied for title search. So that's happening, and things are on their way.
The seller's sign all of the documents. One of the things that you didn't understand that they told you was regarding the lender. They told you that their lender has included the closing cost in their mortgage. You aren't really sure how this might affect your lease option. After all, ...
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Is your land Planned Unit Development (PUD) approved? Do you have land that can be used to put condos or other housing on?
Say you have about 10 acres, has the city approved you putting condos on it or is that just something you're thinking about doing? Are you sitting on a goldmine? Could you stand to increase the worth of your land? Don't waste your time just thinking. You need to take action. This could be an important step for you. Maybe you are in a town or city whose town plan says ...
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