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Short Sale & Foreclosure 101

On August 13, 2010 By mhulett

Many people ask what the difference is between a short sale and a foreclosure. Here it is nice and simple in 2 real world examples…

Short Sale: someone would like to sell their home but it’s now worth less than what is still owed on the mortgage. IE: Bill wants to sell his house but it’s real market value [...]

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