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Current Foreclosure Discussion Foreclosures Discussion Archive 3






Selling house w/ 1st and 2nd mortgage

Posted by Diane on August 25, 2002 at 19:48:52:

Hi,
The balance of our first and second mortgages exceeds what the market value of our house is(125% 2nd mortgage huge mistake). We are not near foreclosure but is a short sale a possiblity in this case or does the situation have to get worse before we could act on this?
Thanks


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