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A short sale occurs when the outstanding obligations (loans) against a home are greater than what the home can be sold for. Short sale is a way for homeowner to avoid foreclosure and still be able to pay off a mortgage loan by settling with his current lender.

In short sale the lender allows the sale of a home for less than it is worth and forgives the rest of the note.

There are many programs to help in foreclosure. With the right approach, most of the foreclosure situations can be resolved. When facing foreclosure, Time is of the Essence. You MUST act fast to protect your home. Use the form below to find stop foreclosure services in your area:

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