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short sales - PowerPoint PPT Presentation


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What is a short sale?. Homeowner owes more on their property than the property is actually worthBank agrees to accept less than what is owed as payment in fullForeclosure process is far more expensive than the discount the bank takes on a Short Sale. Why do banks accept short sales?. Win-win solution for all parties to the transactionHomeowner avoids devastation of foreclosure on their recordBank avoids time

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