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What Are The Disadvantages of Buying a Short Sale?
Tips by JD Title & Escrow of Cape Coral, FL
Short Sales
BriefingWire.com, 3/14/2022 -
Short sales occur when a homeowner owes an outstanding balance to a mortgage lender or the bank. However, the lender allows the property to be sold short of the amount owed. It is a better solution than a foreclosure because it causes less financial damage to the mortgage lender or the bank and does not affect homeowners' credit scores. But as a buyer, there are many cons of buying a short sale. Read on to find out what they are. Click Here For More»
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