Real Estate Bargains and Deals

Buying a Short Sale Home

A short sale home is one of few options available to a homeowner faced with the possibility of foreclosure. A house becomes a short sale home when the lender is willing to accept less then the total amount owed. A short sale home allows the homeowner to keep his credit integrity because it keeps a foreclosure off of his credit report. It is not a simple procedure, but it is well worth the trouble for the person who is unable to make his mortgage payments. It allows him to pay off the loan by settling with his lender. In a way they both come out as winners.

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