Short Sale Versus Foreclosure Process

Undoubtly, short sale process had been an alternative and a better option for many home buyers that are facing foreclosure. In order to prevent foreclosure, short sale would be a way of getting out in this situation. The short sale process is done when the the lending company or the lender decided to sell the property in a value that is usually reduced than the overall balance of the mortgage, which the sales value is relatively lower as opposed to market value of the property. The house

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