How do you avoid foreclosure and pay the remaining balance of your loan at the same time? A short sale might be the best option. A short sale happens if the value of the loan balance is greater than the sale price of the property. This does not sound as a viable option for the lender. What will you do to make him approve of your proposal? Fortunately, most lenders would agree to this arrangement. This is better than losing more if the home is foreclosed.
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