What is a short sale? - Virginia Beach Neighborhoods

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Entries from June 2009

What is a short sale?

June 25th, 2009 · No Comments · Neighborhoods, Virginia Beach

John and Jane bought their home in 2006 for $400,000 with a 20% down payment ($80,000). Today, the market value of their home is about $300,000 and there is a 10 months supply of homes on the market in their neighborhood. They have $5,000 is savings and John expects to lose his job in the [...]

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