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9781627227674

ABA Consumer Guide to Short Sales

by
  • ISBN13:

    9781627227674

  • ISBN10:

    1627227679

  • Format: Paperback
  • Copyright: 2015-08-07
  • Publisher: Amer Bar Assn
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Summary

Since 2008, 2.2 million U.S. homes have been sold via short sales, providing financial relief to strapped homeowners and opportunities for savvy buyers and investors. In a short sale, the lender accepts less than the full amount owed on the mortgage and releases the homeowner from any future payments. The ABA Consumer Guide to Short Sales explains how a consumer can make the most out the federal program governing short sales, the Home Affordable Foreclosure Alternative, and how a buyer can purchase a short-sale property at less than market value. The book translates technical guidelines into an easy-to-understand, practical resource that will help homeowners and potential buyers to evaluate whether a short sale transaction is the right choice for their circumstances and to discuss the short sale option knowledgeably with their lenders.

Author Biography

Dean Allen Kackley (Napa Valley, CA) is an attorney and real estate broker, with over two decades of mortgage lending experience. He has participated in more than $250 million of residential and commercial financial transaction. He is a graduate of Yale University and the University of Kansas School of Law.

Supplemental Materials

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The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

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