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There Are Many Misconceptions About Foreclosure, Deed-In-Lieu & Short Sales.
I hope to debunk them here!
Short Sale Question: Is it true that no matter what I do, I’m going to owe my lender for the upside down debt on my house?
On most short sales, the seller is able to walk away owing the bank nothing. Of course, it’s all up to each individual bank, but eight times out of ten, you can walk away owing nothing. A bank loses way less money on a short sale than a normal foreclosure…
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