Monday, October 26, 2009

The Short Sale Process: Do I Have To Lose My Home?

by Anthony Y. Mauer The short sale process can be long and tedious. It begins with the homeowner in a situation where their home has a lower value than the balance on their mortgage, the short sale definition. It usually becomes dangerously close to foreclosure before the homeowner accepts the probability that the home is lost and makes an agreement with the lender to begin the short sale process. Before the process can begin there must be an agreement between both lender and borrower.

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