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Commercial Property Short Sales?

Posted by Kimberley Kelly on September 17, 2010 at 2:13am in Short Sale Discussions

Where can I get more information on the differences for Commercial Property Short Sale requirements as opposed to Residential property requirements? Anybody have any ideas?

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Replies

Rick Trono September 21, 2010 at 6:22pm

My understanding from my reading: the borrower is not personally liable for the loan upon default. Lender recourse for repayment is to the real property and other collateral granted as security.
Shannon Noble September 20, 2010 at 7:59am

I have buyers for commercial short sales,, anywhere in the US.

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