Definition of a Short Sale

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June 6, 2008

The term Short Sale is quickly becoming a buzz word in American culture. With the housing crisis being further extended due to the credit crunch and mortgage melt-down, the values of homes nationwide are dropping through the floor like a millstone. This unprecedented depreciation in home values has placed many families into a tough spot and they are looking for solutions.

One solution being brought up by lenders, Realtors, and other is a Short Sale. Many people begin their search by trying to find out exactly what a short sale is.

This episode of the Short Sale Show was created with the intentions of answering that very question by giving you a short sale definition as we know it.

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