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Yara Annechiarico

    ABR®: Accredited Buyer’s Representative
    GRI: Graduate REALTOR® Institute
    Notary Public
    HUD Certified Broker

Direct: (914) 372-1404

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Yara Realty

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What is a short sale?

In a short sale, the seller arranges with their mortgage lender to accept a price that’s less than the amount they owe on the property. As part of this arrangement, the lender typically agrees to forgive the rest of the loan. As a result, the seller doesn’t have to go though a foreclosure, the buyer picks up a property at a discount, and the lender avoids taking on the burden of unloading the property.

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