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Short Sale Properties When lenders agree to do a
short sale in real estate, it means the lender
is accepting less than the total amount due. Not
all lenders will accept short sales or
discounted payoffs, especially if it would make
more financial sense to foreclose; moreover, not
all sellers nor all properties qualify for short
sales. It's not as simple as you may believe, and very few can close in 30 days or less. There are hundreds of available properties in our area that are selling as short sales. If you are considering buying a short sale, there could be drawbacks. For your protection, we suggest that all buyers:
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