{"id":4452,"date":"2008-09-05T03:01:14","date_gmt":"2008-09-05T08:01:14","guid":{"rendered":"http:\/\/magic1host.com\/blog\/2008\/09\/05\/get-from-under-your-home-debt\/"},"modified":"2008-09-05T03:01:14","modified_gmt":"2008-09-05T08:01:14","slug":"get-from-under-your-home-debt","status":"publish","type":"post","link":"https:\/\/magic1host.com\/blog\/?p=4452","title":{"rendered":"Get From Under Your Home Debt"},"content":{"rendered":"<div style='italic;' class='uawbyline'>by S. A. Johnson<\/div>\n<p>If the market value of your home is less than what you owe on your current mortgage, you may qualify for a legal, lender endorsed solution known as a Short Sale. A Short Sale can be accomplished by negotiating with your bank to agree to a sale of your property to a third party buyer for less than what you presently owe on your mortgage balance.<\/p>\n<p>The short sale of <a href=\"http:\/\/millionaireblog.info\" class=\"kblinker\" target=\"_blank\" title=\"More about real estate &raquo;\">real estate<\/a> is not a dubious custom in today&#8217;s softening real estate market, it may be a requirement. The short sale deal is a legal and much more favorable alternative to foreclosure or even bankruptcy. Lending institutions are motivated to accept short sale offers for a number of good reasons.<\/p>\n<p>The short sale of your house can result in a win-win-win situation for everyone involved:<\/p>\n<p>WIN #1: You win by getting out of a financial predicament. Your home is saved from foreclosure, thus helping you to save your <a href=\"http:\/\/www.meyouworld.net\/EG\/tag\/Credit_Cards.html\" class=\"kblinker\" target=\"_blank\" title=\"More about Credit &raquo;\">credit<\/a> rating. Letting your home to go into foreclosure may adversely affect your credit for up to 7 years.<\/p>\n<p>WIN #2: The lending institution wins by preventing timely and costly foreclosure proceedings which could become an even more costly expense of  possession of the real estate by the lending institution.<\/p>\n<p>WIN #3: The buyer of your home wins by getting a solid home at a good market value.<\/p>\n<div class='uawresource'>\n<div style='italic;' class='uawabout'>About the Author:<\/div>\n<div class='uawlinks'>Earn money by helping homeowners sell their homes in 2 weeks.<br \/>\n<a href=\"http:\/\/www.thwebsite.com\/\">Real Estate Professionals<\/a>&#8230;Get top dollar and all cash at closing. <a href=\"http:\/\/www.thwebsite.com\/\">Investors<\/a>&#8230;flip short sales or REOs using our private investor funds!<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>If the market value of your home is less than what you owe on your current mortgage, you may qualify for a legal, lender endorsed solution known as a Short Sale. A Short Sale can be accomplished by negotiating with your bank to agree to a sale of your property to a third party buyer for less than what you presently owe on your mortgage balance.<\/p>\n","protected":false},"author":1935,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[91],"class_list":["post-4452","post","type-post","status-publish","format-standard","hentry","category-sales","tag-sales"],"_links":{"self":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1935"}],"replies":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4452"}],"version-history":[{"count":0,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4452\/revisions"}],"wp:attachment":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}