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forclosure

What is a Short Sale & Can I Short Sell my Home?

by Ted Mackel on November 9, 2009

What is a short sale? A short sale occurs when the seller of a property owes more money against that property than what they can ultimately sell the property for. Example,   you have a $500,000 loan against your property, but now it is only worth $400,000. Adding the costs to sell your property at $400,000, [...]

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