Short Sale, Foreclosure and Strategic Default

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Wednesday, October 24, 2007

Foreclosure, fire insurance and short sales

If your real estate was upside down and damaged in the recent San Deigo fire, you may want to consider all your options before you rebuild.

If you had been considering a short sale you may wish to consider a deed in lieu with certain conditions set up to either preserve the status quo or improve your position vis a vis a short sale and deficiency judgments or tax liability for loan forgiveness.

Before entering into any agreement you should have your deal reviewed by san diego attorney familiar with pre-foreclosure solutions.

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