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Real Estate | Vail | Short Sales

  • When a bank agrees to accept less than what’s owed on the loan when a property is sold, the transaction is considered a short sale.
  • Short sales are less damaging to a homeowner’s credit report and credit score than a foreclosure.
  • Short sales are less stressful and more comfortable than foreclosures because they allow homeowners to stay in the home until the sale is completed.
  • While a seller typically pays all real estate agent commissions and other closing costs, in a short sale the bank covers these expenses.
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