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Why would the lender accept a Short Sale?

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Why would the lender accept a Short Sale?

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A lender will loose money in a short sale or a foreclosure regardless. In most cases, the lender would loose less money by allowing a short sale and for this reason a lender might accept a short sale. When there are two lenders then short sale transactions become more complicated. When there is Primary Mortgage Insurance (PMI) a transaction becomes even more complicated. For these reasons, a Short Sale Specialist is important to a homeowner in working through a Short Sale transaction.

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