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What is a Short Sale?
Short sale is a sale of real estate in which the proceeds
from the sale fall short of the balance owed on a loan secured by the property sold.
In this case the lender agrees to take less than the amount owed on the debt, in
return for the sale of the property to a third party, usually at no cost to the
borrower. Housing Assist helps conduct short sales at NO COST to the borrower.
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