| What is a Short Sale? |
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Monday, 06 February 2012
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A short sale is a real estate transaction where a lender or lenders approval is required to complete the sale of the property. There are many short sale scenarios. Sometimes the banks will write off the debt, or convert the debt to a non-secured loan while releasing the lien against the property. Each bank has its own policies and procedures. These policies and procedures change often and without notice. It is a very fluid environment. 
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