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accountSHORT SALES VS. FORECLOSURE
A short sale occurs when the proceeds of a real estate sale fall below the balance owed on a property and is often used to avoid foreclosure. A foreclosure, on the other hand, is a bank or creditor selling or repossessing a property after the owner has failed to make the necessary payments. In the current economic crisis, which is better for the homeowner? Short sales vs. foreclosure will discuss the latest news and opinions.
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