A Short Sale is a sale of real estate in which the lender agrees to take less than
the amount owed on the debt, in return for the sale of the property to a third party,
usually at no cost to the borrower and in most situations, the lenders will remove any further mortagage debt to the homeowner.
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Short Sales are your best defense against Foreclosure. Additionally, short sales
release homeowners from bad mortgage debt and provide a fresh start without major
damage to your credit report.
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- Helps to save your credit history*
- Fastest solution to Foreclosure
- Behind or not, you can qualify
- Eligible to buy new home in 2 years*
- Eligible to buy new home immediately*
- No mortgage payment to make
- Removal of bad mortgage debt
- Win – Win for you and the Lender
*no 60-day-plus late pays on credit report
**Under Fannie Mae guidelines
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