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What is a Short Sale explained

What is a short sale explained It's where you owe more on your house than the house is worth. What steps do you need to take to sell your house in a short sale and avoid foreclosure? 1. Find a Realtor to help you sell your home. (The bank is going to ask if you have one} 2. Call your bank and order a short sale package 3. List your house on the market 4. wait for an offer 5. submit the offer to the bank and wait for approval from the bank 6. Work with title company and the bank for documents to close on house 7. Once offer is accepted then the buyers can get their loan approved to purchase your house

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