ABA consumer guide to short sales
Subtitle: a practical resource for buyers and sellers
By: Dean Allen Kackley, Esq
Contributors: American Bar Association
Publisher: Ankerwycke; American Bar Association
Published: 2015
Place of publication: Chicago, Illinois
Language: eng
Number of pages: 117
ISBN-13: 9781627227674
Subjects: Short sales (Real estate); Law and legislation
Other titles: American Bar Association consumer guide to short sales; Consumer guide to short sales
Description: "Since 2008, 2.2 million U.S. homes have been sold via short sales, providing financial relief to strapped homeowners and opportunities for savvy buyers and investors. In a short sale, the lender accepts less than the full amount owed on the mortgage and releases the homeowner from any future payments. The ABA Consumer Guide to Short Sales explains how a consumer can make the most out the federal program governing short sales, the Home Affordable Foreclosure Alternative, and how a buyer can purchase a short-sale property at less than market value. The book translates technical guidelines into an easy-to-understand, practical resource that will help homeowners and potential buyers to evaluate whether a short sale transaction is the right choice for their circumstances and to discuss the short sale option knowledgeably with their lenders."--Publisher.
Notes: Includes bibliographical references and index.
Table of contents: title: Know the players; title: Short sale; title: Buyer beware; title: Managing the short sale; title: Escalation; title: Consequences; title: Conclusion.