Lender Short Sale

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Posted by Mary on January 26, 1999 at 18:03:54:

I am researching for a friend who is considering selling her home this way, as she can't sell it for the price she wants and she must relocate. (There are too many foreclosures in the neighborhood at lower prices than she's willing to accept.)
She doesn't know how this will affect her future credit, or if it's even really "legal." The man she's working with is not real clear in his explanations.
Any information on this type of sale would be appreciated. Thank you very much.

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