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Buying home
Published: Jul 26, 2011
Views 2729
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As many Americans are losing their homes to foreclosure they turn to short sales. But, what is a short sale and how does it affect your credit. A short sale is sometimes referred to as pre-foreclosure sale. The seller arranges with Mortgage Company to sell their property that has fallen behind for a price lower than what’s owed. The lender sells the property for the amount close to or lower
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