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What is a Short Sale?
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What is Short Sale?
What happens when you need to sell your home to avoid foreclosure or for a job relocation and it is worth less than what you owe your mortgage lender? In a "short sale," your lender may agree to accept less than the amount owed if certain criteria are met. This video explains the general procedures for a short sale and the criteria lenders consider when deciding whether to approve a short sale.
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