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pros and cons of a short sale: FORECLOSURE VS. SHORT SALE: PROS AND CONS IN A SIMPLE CHART....... - 07/06/10 10:03 PM
FORECLOSURE VS. SHORT SALE HOMEOWNER CONSEQUENCES
FORECLOSURE CONSEQUENCES FOR THE FOLLOWING SECURITY CLEARANCES= may be revoked and position may be terminated CURRENT EMPLOYMENT= may result in reassignment or termination FUTURE EMPLOYMENT= in most cases will challenge employment DEFICIENCY JUDGMENT= 100% of the bank in states where they can may pursuer a deficiency DEFICIENCY JUDGMENT (amount)= If sold at auction at a low price may result in a higher deficiency judgment FUTURE FANNIE MAE LOAN-PRIMARY RESIDENCE= 5 years to get a FM loan FUTURE FANNIE MAE LOAN-NON PRIMARY= 7 years to get a FM loan FUTURE LOAN WITH ANY MORTGAGE COMPANY= … (5 comments)

 
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Kellie Morrissey CO Realtor CRS, GRI, CDPE

Littleton, CO

More about me…

Keller Williams Realty Success LLC

Address: 10026 W San Juan Way, Suite 200, Littleton, CO, 80127

Office Phone: (303) 985-1901

Cell Phone: (303) 877-2813

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We believe in openly sharing ideas, tips and advice on how to buy and sell real estate in the Denver Metro area including: Littleton, Lakewood, Golden, Highlands Ranch, Englewood, Centennial, Lone Tree, and Parker. We also service the Colorado Mountain areas; including Breckenridge, Frisco, Silverthorne, Dillion, Keystone and Copper Mountain.

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