Sentences with phrase «divorce forces a sale»
The Bolnicks» house sale took a year, and is just one example of how a slow real estate market can complicate matters when a divorce forces a sale.
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Some people are forced to pay more especially if there are legal issues like inheritance, divorce or power of sales to resolve before arranging the loan.
Nedra highlighted the various reasons that people are forced into the unfortunate short sale decision; people are suddenly struck with tragedies from death to divorce, layoffs to critical illness.
Divorcing couples may not be aware that they agreed to a lien on their homes and a possible forced sale at the end of the case when they sign their lawyer's fee agreements.
In most divorce cases, the Court won't usually force the parties involved to «buyout» the other party's interest but it may however order the sale of the home so each party gets an equal share of the equity.
Maybe a divorce is forcing a quick sale, or perhaps a work - related relocation makes a fast transaction more desirable.
If you are in a position of having no equity in the house, and are forced to sell because of a divorce or financial considerations, you could discuss a short sale or a deed - in - lieu - of - foreclosure with your lender.
Finally, frustrated sellers who have no equity and are forced to sell because of a long term illness, divorce or financial considerations should discuss a short sale or a deed in lieu of a foreclosure with their mortgage lender and their REALTOR ®.