The bank accepts a payoff at current market value to avoid foreclosure.

Real Estate Short Sale: Banks are aggressively approving short sales because they typically end up with more money than when they have to foreclose. Currently, some banks are offering... 
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New HAFA short sale guidelines create great opportunity for Listing Agents.

HAFA Short Sale Guidelines: We recently learned that mortgage servicers expect to complete as many HAFA short sales over the next 18 months as they have done since the program’s inception.... 
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Characteristics of a “successful short sale”

As you may know a short sale can be a very viable solution when behind on mortgage payments, in foreclosure or simply owe more than your home is worth, but you better be prepared. One... 
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