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Posted by TheShortSalePro on September 25, 2004 at 08:09:13:
In Reply to: Short sale question posted by Ang on September 24, 2004 at 08:27:35:
A mortgagee approved, preforeclosure short sale may be what you'll need to sell the house for less than what you owe. Who gets what and how much depends upon the circumstances, the loan type, the number of lienholders, and the home's as-is, fair market value.
PMI is a non-issue.
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