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Why you shouldn't list your Metro Detroit home as a short sale
Yes you heard me right.  I think you are crazy to list your home as a short sale.  The only reason I believe to list your home as a short sale is if your bank releases you from any liability of the shortage or if you morally don't believe in foreclosure.
I hate to say it but the only people that really make out are the banks and the real estate agent.  Yes you heard me right again.  It benefits a real estate agent to short sell your home.  But some agents don't explain everything to you.  IF YOU DO A SHORT SALE YOU COULD BE LIABLE FOR THE LOSS BETWEEN WHAT YOU OWE AND WHAT IT SELLS FOR.  What are you crazy?  Why would you open you and your family up to a long term debt on something you don't own.  I'll say it again.  ARE YOU CRAZY?
The reason you do a short sale or a foreclosure is because you can not afford the payment and you need to get back on financial track.  You need relieve the stress, the inability to make the mortgage payment.  You don't need to continue on a rocky path, cut your losses and move on ... more

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