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Selling Your House at a Loss: Consider These Options When Your Home Turns into a Financial Burden

HomeLight

We also connected with HomeLight Home Loans Mortgage Sales Leader Richie Helali, who offered an insider’s look at mortgage options that could help you hold on to your home — or let it go without falling into foreclosure. Here’s when you may want to reconsider — or at least carefully weigh the consequences of — a home sale.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Active contingent. Call option.

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How to Get a Mortgage Loan: A Step-By-Step Guide for First-Timers

HomeLight

The principal and interest portion of your mortgage payment will never change (although the amount you pay into escrow for taxes and insurance can change). She also recommends finding a local lender in the area where you’re purchasing a home. She finds local lenders also provide better customer service than big banks.

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