The Long and Short of Reston Short Sales

The Long and Short of Reston Short Sales

When looking to purchase a home in Reston, you might decide to consider short sale properties. With a short sale, the lender agrees to accept an offer from a new buyer that is less than what is owed on the mortgage by the current owner. Lenders agree to this because it ends up being cheaper for them than foreclosing on the home.

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