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Explain short sale

Posted on: 29th Jan, 2014 12:21 am
What is short sale? Can someone explain it to me?
Hi Guest,

A short sale can be defined as a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property.

Take care
Posted on: 29th Jan, 2014 01:24 am
Hi Guest!

Welcome to the forums!

Get to know how short sale impacts credit score from the given page: http://www.mortgagefit.com/discuss/shortsale-crediteffect.html

Feel free to ask if you've further queries.

Sussane
Posted on: 29th Jan, 2014 09:03 pm
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