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Other than a short sale, options for getting rid of an investment property with an underwater mortgage – We intended to buy it, knock it down and redevelop the property. That means you’re underwater with your loans and would need to bring cash to the closing. If the lenders approve a short sale (even.
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Are Foreclosures Still Out There? and how to find them – Short sales usually leave the borrower in a little bit better standing than a foreclosure but both can be good bargains if you know where to look. Read More: How to Tell if Buying a. are a lot of.
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