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STUDENT MANUAL Short Sales & Foreclosures Resource Official Certification Coursework Real Estate Professionals Need to KnowCopyright 2020, 2018 by the Center for Specialized REALTOR Education Note:
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Short sales and foreclosures involve the sale of a property for less than the amount owed on the mortgage, usually resulting in financial loss for the lender.
Individuals or entities involved in short sales and foreclosures, such as homeowners, real estate agents, and lenders, may be required to file relevant paperwork and reports.
To fill out short sales and foreclosure paperwork, individuals typically need to provide information about the property, financial details, and any relevant agreements or contracts.
The purpose of short sales and foreclosures is to facilitate the sale or transfer of a property under specific financial circumstances, such as avoiding foreclosure or resolving mortgage debt.
Information required to be reported on short sales and foreclosures may include property details, financial information, sale agreements, and any relevant communication with lenders or creditors.
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