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Real Estate & Property Law

: The Home Equity Theft Reporter

Underwater Home Sellers Cautioned To Keep Their Eyes Open For Fine Print In Lenders' Approval Packages When Seeking Short Sales

By r morris

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In Central Florida, a recent story in The Tampa Tribune serves as a cautionary admonition to underwater homeowners looking to go the short sale route in an attempt to unload their homes (and their related mortgage obligation(s)):Lenders are increasingly adding language to the [short sale] approval package, reserving the right to pursue the deficiency later - that is, the difference between what

Full post as published by The Home Equity Theft Reporter on February 26, 2010 (boomark / email).

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