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Short-Sale Examples:
If the unpaid
balance of a loan is, say, $300,000
and a property is worth 320,000 and
Sells for $280,000, under a short
sale the lender has given you a
credit of 40,000 and has accepted
280,000 as payment in full for the
mortgage. there fore the
property sold shot of the mortgage
balance by 20,000 and 40,000 under
property value.
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Short Sale
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