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Short Sales - Online Articles

What is a Short Sale?
A Short Sale of a piece of real estate is where a property is sold for less than what is currently owed against said property. Since 2008, when the real estate market really took a nose dive, homeowners were faced with owning real estate worth less than the amount of the loan(s) owed against the properties. Those very homeowners were falling behind on their mortgages and ending up in foreclosure, or were current with their mortgages, but wanting to sell the property so to walk away and move on. Sound familiar? Read More...




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