There are benefits to a Short Sale not found in Foreclosure You can control the sale of your house- The bank will extend foreclosure dates once a full offer is submitted along with a full package from the homeowner. A Short Sale with an offer attached give you peace of mind and control over the process. Knowing who is buying your home is the main
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Calculating the amount of time it would take for the value of your home to return to the amount you currently owe often raises questions of your desire to stay. There are two major decisions you will face when deciding to walk away (strategically default) on your mortgage; the financial consequences that affect your family, and the ethical moral stigma against walking away. FINANCIAL CONSEQUENCES
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