is it better for me to foreclose on my property than short sale?
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Jeff, this really depends on your particular situation so without more facts it's hard to advise. Here's a great article on the pros and cons of a short sale vs foreclosure: http://homebuying.about.com/od/foreclosures/f/072509_Short-Sale-vs-Foreclosure.htm. There's also more information about short sales generally here: http://homebuying.about.com/od/4closureshortsales/a/shortsalebasics.htm |
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