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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Amelia Carhartt who wrote (122181)5/11/2008 8:25:09 AM
From: 10K a dayRead Replies (1) | Respond to of 306849
 
Doesn't exist.



To: Amelia Carhartt who wrote (122181)5/11/2008 9:16:01 AM
From: Pogeu MahoneRead Replies (2) | Respond to of 306849
 
Short sale is when you owe th e bank more then the house is worth and the bank will take a offer below what it is owed.
You owe 400000 and the house is best offer is now 340000.
The bank says ok and eats the difference.
Probably below 2% of cases. Banks are stupid till the end.