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


To: RockyBalboa who wrote (122210)5/11/2008 11:21:34 AM
From: Travis_BickleRead Replies (2) | Respond to of 306849
 
Imo it is a realized loss

Bank loans 300k

Bank agrees to short sale of the house at 250k, receives 250k at closing, buyer receives house free and clear of old note

How is that not realized?