Original Source: Hopkinton MA Real Estate
Massachusetts home owners struggling to make mortgage payments are often turning to doing a short sale as a means of escaping their debt.
If you are not familiar with the term, a short sale is when a bank or mortgage lender agrees to discount a loan balance because of a financial hardship on the part of the borrower. The home owner sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds from the sale to the lender.
One of the most important considerations when pursuing a short sale of your Massachusetts home is to make sure that the debt has been canceled!
There are Realtors that are handling short sales that don't know the 1st thing about debt removal. Don't be caught owing money years later! Continue reading the article at make sure your get your Massachusetts short sale debt released!