Short sales in real estate refer to the sale of a property for less than the amount owed on the mortgage. Short sales may be used as an alternative to foreclosures, and may be pursued by homeowners who are unable to make their mortgage payments and wish to avoid the negative consequences of a foreclosure. Continue Reading Below
Short sales in real estate refer to the sale of a property for less than the amount owed on the mortgage. Short sales may be used as an alternative to foreclosures, and may be pursued by homeowners who are unable to make their mortgage payments and wish to avoid the negative consequences of a foreclosure.
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