FAQ > Short-Sale (5 entries)
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Yes. The lender can foreclose and sell the property in question, or allow you to sell it for less than what you owe. The Lender can then obtain a deficiency judgement ...
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A short-sale is recommended versus simply walking away from a property and stopping payments. The borrower (and his/her agent) will need to do a little bit of work, but the borrower's ...
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Although in theory, yes, this would be true, realistically it depends on what specific lenders choose to do...
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No, in general, a foreclosure would negatively impact your credit for 7 to 10 years...
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Homeowners facing foreclosure often have the option of selecting a short sale or a deed-in-lieu of foreclosure as a possible solution to their financial difficulties. But what are they? Which is ...
