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Can I Do A "Short Sale"?To
prequalify yourself for a "Short Sale" please do some research.
1. Find comparable homes sold in your neighbourhood recently. Make sure those homes were sold for less than your mortgage ballance. Don't forget to include in your calculations 5%-6% real estate commission and approx. 2% closing costs. 2.
Look into "Foreclosure Law"
in your state about "Deficiency Judgment" if a law allow the lender to file a lawsuit. If "Deficiency Judgment" is allowed you should consider "Short Sale" 3. If all of these items apply to you, consider
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