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Old 09-10-2009, 12:56 PM  
Kard63
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Join Date: Nov 2003
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SHORT SALE question

So I was reading about short sales and the common thought was: "If you can get the house at 50% less it is a steal. 30% less is common for a short sale, if you can't get it for that move on to the next one."

Well, they don't mention if that discount is relative to what the house is currently worth or what is owed on the mortgage. Who knows?
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