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A short sale means  a lender is willing to accept less than the
total amount
due on the mortgage.

A lender has a great incentive to approve a short sale to 
avoid the high costs of a foreclosure.
  
Some lenders will allow a buyer to purchase a home for less than the
mortgage balance
while in the
pre-foreclosure stage.

A short sale must be disclosed in a property listing and
included as a condition in a contract of sale.

A lender can and will seek an appraisal of the property, require the transaction to be arms-length,
and seek proof of hardship from you to approve the sale and the reduced payoff.

LLO guides a homeowner through this process as an advocate for you to your lender.  

We can also handle the closing as the seller's attorney.

We can also represent you at the closing, as seller's attorney, to
make sure everything goes as planned.

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