What Are Short Sale, Pre-Foreclosure, and Foreclosure?

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What Are Short Sale, Pre-Foreclosure, and Foreclosure?

Envelope Facebook Share What is the difference between a short sale, pre-foreclosure, and foreclosure? If you’re considering purchasing one of these kinds of properties, it’s very important to understand what these terms mean and how the home’s status could affect its sale. The first rule of thumb: Proceed with caution. The pitfalls for the average…
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