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Old 12-12-2008, 01:48 AM
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Default Short Sale Help with Wells Fargo

We bought our house for $360,000 in July, 2007. My husband died suddenly in May, 2008. I will only be able to make the mortgage payments out of my husband\'s life insurance for another few months if that. My income is about $36000. The house is on the market. If it sells, it will be for substantially less than we paid for it and I would have to come to the table with money. In another couple of months, I will have no liquid assets. Is there any possibility of avoiding foreclosure? My husband died. There was no mortgage insurance.
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