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Posted by TheShortSalePro on August 30, 2003 at 05:04:11:
In Reply to: Help, please! Foreclosure questions posted by Mrs. B on August 29, 2003 at 20:42:45:
Either you can work out a repayment plan with your lender, go bankrupt and walk away, or, sell the home via a mortgagee approved short sale... and take steps to preserve your future creditworthiness.
Why would a new mortgagee agree to make such a loan? Oh, a short sale isn't likely if you committed mortgage fraud.
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