Fort Collins CO – No one wants a deficiency on a short sale. It’s not your fault the housing market crashed. In fact, some people say that the banks and Wall Street are what caused the crash.
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Here are four ways that you can reduce the deficiency amount on your short sale.
1. Negotiate with the lender.
Many lenders will settle for substantially less than what they are owed. For example, we have seen lenders settle for as low as 10 cents on the dollar.
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