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Short Sale of Real Estate

In some cases, a homeowner will be in such financial hardship that no lender program will realistically keep an owner in their home.  In those cases, a Short Sale may be an option. 


A Short Sale occurs when the home is sold for less than the balance of the mortgage due to the lender.  In some cases, a lender will agree to forgive the amount of the short coming as a way for a homeowner to avoid foreclosure.


Next >> Some More Foreclosure Prevention Tips
 
 
 























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