AZ Active Retirement Living

What is a short sale? I have clients ask me this all the time since we do come across them in our Arizona retirement communities from time to time. The following is a definition of short sales that I borrowed from Wikipedia.

"A short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold.

In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's loss mitigation or workout department. The home owner/debtor sells the mortgaged property for less than the outstandingindia

Updated: Aug 06, 2019 03:08 IST

After a high voltage campaign between the traditional rivals, ruling AIADMK and the principal opposition DMK, as well as the Tamil nationalist party, Naam Tamilar Katchi (NTK), Vellore Lok Sabha constituency recorded 62.94% polling on Monday.

Tamil Nadu Chief Electoral Officer Satyabrata Sahu said the polling in the constituency, held amid tight security, was peaceful and 62.94% was recorded by 5 pm.

Both the AIADMK and the DMK are locking horns, with the former making a determined attempt to stop the latter’s juggernaut rolling further. While the AIADMK had fielded education baron, AC Shanmugham, the DMK has fielded a green horn, Kathir Anand, son of party local strap and former minister Durai Murugan.

The NTK of film maker Seeman too is in the fray with many