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A Deed in Lieu of Foreclosure can be a great alternative to look into before considering a short sale. Basically a Deed in Lieu of Foreclosure is where the owner of the property voluntarily agrees to sign the deed over to the bank. Like a short sale, a Deed in Lieu of Foreclosure, needs to have the terms negotiated and the bank ...
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The short sale process combines a documentation process and the listing process.
The docementation process is much like a loan in reverse. Your short sale specialist will need the following items:Last mortgage statement2 years of W'2's
Last 2 paycheck stubsLast 2 months of your checking and savings bank statementsLast quarter ...
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