Mass Real Estate Blog

I promised you a discussion of short sales, so here it goes.  A short sale is a simple concept, and is becoming more prevalent in today’s market.  Here’s the one-sentence explanation:  a short sale occurs when a seller negotiates a sale of his residence for less than the dollar amount of the liens outstanding on the property.

More after the jump

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Here’s wishing you and your family and happy Thanksgiving!  I’ll be updating more after the holiday.

This question came in last week:

“I’m working with my broker to formulate an offer for a condo in Boston.  How much should I put down to “bind the offer”?  How about for signing the P&S?”

My answer, after the jump.

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