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What is a short sale?

A short sale is a transaction in which the lender, or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt.

Click Here to learn more about Making An Offer On A Short Sale 

Click Here to learn about Selling, When The Sale Price Leaves You Short

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