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Understanding Exactly What Is A Short Sale?

August 3rd, 2010 - By allanmadams

A short sale occurs when a lien holder for the property agrees to a reduction in the property lien or loan to progress a real estate sale. A potential buyer of this property has the opportunity to purchase the property at a reduced sum. A short sale of a property is an alternative to allowing a homeowners property to be foreclosed.

How Does a Short Sale Work?

Could Someone Share Their Experiences With Foreclosure? How It Affect Their Lives.?

February 4th, 2010 - By

If you have gone through foreclosure with your properties, how did it affect your lives and where, did the lender go after your assets, were you able to get a loan or credit cards? Did you regret what you did? I read a lot of advices to avoid foreclosre but would like hear from someone that had went through this hardship.