Monday, 06 February 2012
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January 11- Deal of the Month »  3 bedroom/2 bath home in Madison. Needs a little bit of TLC but can be a GREAT home!! Living Room has cathedral ceilings and a fireplace, roomy ...
May 11- Deal of the Month »  GREAT BUNGALOW IN 5 POINTS AREA. PERFECT FOR THOSE WHO LOVE TO BE OUTSIDE, COVERED FRONT PORCH, SHADY YARD AND FANTASTIC BACKYARD WITH PATIO, DE...
December 10- Deal of the Month »  Great fixer up home in established neighborhood near Five Points. Particially fenced in backyard. PROPERTY TO BE SOLD AS IS WITH RIGHT OF REDEMP...
November 10- Deal of the Month »  Great investment opportunity in Five Points! Take a look at this home before its gone, this one isnt going to last. If closed by 12/31/10 the pu...
October 10- Deal of the Month »   If you are looking for a home to restore, THIS IS IT! Built in 1923, this home was recently registered in the National Register of Histori...
September 10- Deal of the Month »    Location, Location, Location; Ride your bike to Research Park or Columbia High School! Don't miss this two story home with master bedroom...
July 2010 Madison County Home Sales » Here are the latest market updates for the North Alabama area for the month of July 2010.  
July 10- Deal of the Month »   AWESOME PARCEL OF LAND PRICED TO SELL. CAN BE PERFECT AS AN ESTATE LOT WITH A PRIVATE ENTRANCE OF MACEDONIA ROAD (60-70 FT WIDE). THE LAND...
What is a Short Sale? » A short sale is a real estate transaction where a lender or lenders approval is required to complete the sale of the property.  There are many sh...
June 10- Deal of the Month »   What a DEAL in in the heart of Madison! You will appreciate this spacious floorplan with an isolated master bedroom, a large walk-in close...
What is a Short Sale? PDF Print E-mail

A short sale is a real estate transaction where a lender or lenders approval is required to complete the sale of the property.  There are many short sale scenarios.  Sometimes the banks will write off the debt, or convert the debt to a non-secured loan while releasing the lien against the property.  Each bank has its own policies and procedures.  These policies and procedures change often and without notice.  It is a very fluid environment.  

The short sale process is complicated and there are many pitfalls.  Be sure to find someone who has experience and can guide you step by step through the process without charging you additional fees outside a typical real estate transaction.  If you need someone to talk to you can reach us at:

Bert Klimer- 256.656.3759

or Paul Schuppener- 256.658.9340

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