Wiscasset Maine

Foreclosure, Pre-Foreclosure, Short Sale, REO Information
 
REO
Real Estate Owned property by the lender as a result of foreclosure or forfeiture.
Foreclosure
An act of foreclosing, especially a legal proceeding by which a mortgage is foreclosed.
Pre-Foreclosure
Buyer and lender agree to agreement to prevent foreclosure (i.e. deed in lieu, renegotiation of mortgage terms or sale for less than lender amount owned)
Short Sale
Occurs when a property is sold and the lender agrees to accept less than the payoff amount owed, once the money is received the lender will release their lien on the subject property. Other factors may exist depending on lender (amount maybe subject to repayment, subject to claiming on tax return, etc.) You are advised to obtain advice from an attorney and accountant.

Specializing in Pre-foreclosure, Foreclosure and Short Sale Properties... Representing Sellers and Buyers.

Please call or email us for more information on selling your home or buying a foreclosure or short sale property.
All discussions are strictly CONFIDENTIAL .
 

If you have any questions or would like more information, please contact us 207-882-9100, 800-215-8117, email us, or use our online request form. Our office is located at the corner of Route 1 and Flood Avenue.