What IS a short sale?
A a short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic hardship on the part of the mortgagee.
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- Will I Owe Money After I Have Been Foreclosed On?
- Will the bank come after me for the difference?
- What About My Credit?
- Is a short sale right for me?
- If I do a short sale, how much will I have to pay to sell my home?
- What sort of hardship would my lender consider legitimate?
- I am current on my mortgage, will my lender consider a short sale?
- Why would a mortgage company agree to accept a short sale?
- I have two loans, can I still do a short sale?