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Difference between a Foreclosure & Short Sale

What’s the difference between a Foreclosure and a Short Sale?

A Foreclosure is when a homeowner stops making payments (for whatever reason) and the bank takes back the house.

A Short Sale is when a homeowner works with the bank to sell the house for less than what is owed on it.

If you would like to know if you should allow a foreclosure or short sale, contact me: sharongarcia77@gmail.com