I owe more on my house than it’s worth

If you are one of the many property owners that owes more to your lender than your house is worth, and you are having trouble making your payments on time, a short sale may need to be negotiated with your lender to help you sell your property and move on. Typically in a short sale, you will end up selling your home for less than you owe, and the lender will “forgive” the difference so you will not have to pay the difference at closing.

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