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short sale

Posted by Brad Butler on August 17, 2006 at 1:49 PM

When buying from the bank "short sale" .You are negotiating the price with the bank, so does that mean nobody bought it at the N.T.S.? Can you do a short sale prior to N.T.S. or N.O.D.? Can you assume that loan? Do you need a pre-qualified buyer ready to go prior to making the offer? Do you need money down?

Any answers and a break down of the short sale process would help.

Thanks,

Brad


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