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The first thing I should mention is that you shouldn't let any lack of experience in this area hold you back or intimidate you. In the preceeding 10 year period of booming real estate valuations record-low interest rates, short sales just weren't as common as they will be in this era of tightening credit guidelines and major lenders collapsing like so many dominoes. Their was no incentive for a foreclosing bank to agree to a short sale if they could wait it out, take the house back and sell it to recoup their investment completely. Now, with mounting foreclosures and record-high … (32 comments)
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