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More on Loss Mitigation and Short Sales

by / Tuesday, 15 October 2013 / Published in Short Sales, The Blog, Video

A short sale is an option available to you in the loss mitigation process. Sometimes, selling your home is the only way to avoid a foreclosure; but if your home has lost value, no one will want to buy a house that is worth less than they paid for it. So a short sale is when the bank agrees to accept less than you owe on the house, so someone would be willing to by it.

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