The economy has sent many people looking for ways to get out from under their house payments. When the economy became unstable many people felt the crunch with a sudden loss of income. They realize they can no longer afford the payments and find themselves needing to take advantage of a short sale. A short sale is when the seller and the buyer agree to sell the property for a loss. It is better for the buyer to be able to do a short sale then to go into foreclosure. It does not do the damage to your credit score that a foreclosure does. There are companies that specialize in these types of sales.
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