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06-09-2011, 12:18 PM
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Can anyone explain in simple terms what "short sale"
means in terms of foreclosure? I have encountered a term known as "short sale" in terms of mortgage financing, refinancing and foreclosure? Can anyone explain in simple terms on what is this and how it can help the lender, the borrower and the prospective buyer of a foreclosed home? Thanks. I hope my question is correct.
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