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Foreclosure Forum

In Real Estate Please Describe The Term ‘a Short Sale’?

A short sale means that someone is selling a property for less than it is worth or is owed to them.
Normally, a bank will consider short selling a foreclosed property in order to get rid of it and to limit their losses. They will sell it for less than is owed on the property or

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Foreclosure Forum

Can A Person File Medical Bankruptcy Before The 7 Year. Term On A Regular Bankruptcy Is Up?

My mother-in-law has major medical bills and is completly behind on all her bills, due to being in the hospital for an extended period. She filed bankruptcy less than 7 years ago.

Foreclosure Forum

What Does The Term “short Sale” Mean When Buying A Forclosed House?

The house is in foreclosure and has been auctioned off for 25 thousand but the owner has 6 months to sell the home for more? He offered it to me for 35 thousand and is calling it a “short sale” Has anyone ever heard of

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Foreclosure Forum

How Will A Short Sale Affect My Credit Long Term?

I am stuck in a situation in which I am upside down on my home and with a new baby on the way I need to buy a bigger home and also take advantage of the low mortgage rates and cheap home prices, therefore I am leaning towards doing a short sale. Only thing is

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