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Are you interested in buying a short sale? Depending on where you live, you might find a lot on the market. Astute buyers often seek out these listings in the hope of getting a great deal on a home.
However, short sales can be challenging. They often draw multiple buyers, who compete for the winning bid. And it can take a while for all the paperwork to wind its way through the approval process.
A short sale occurs when a house is sold by someone whose outstanding mortgage balance is mor...
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