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Foreclosure vs. Short Sale: What's the difference?
🏠 Foreclosure vs. Short Sale: What's the difference? 🤔 Foreclosure happens when a homeowner fails to pay their mortgage, and the bank takes control of the property through a legal process. They do this to sell the home and recoup their money. On the other hand, a short sale occurs when the home's value is lower than the amount owed to the ...
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