The Long and Short of Short Sales: Better Details Needed for FHA’s Back to Work Program and Conventional “Extenuating Circumstances” · A short sale in real estate is not always a pleasant transaction, but short sales have come a long way since 2006, so don’t sell the concept short. Our present economy does not mean that short sales have gone away. For example, a person who bought a brand new home could die the day after closing, and the costs of an immediate sale could throw that transaction into short sale status.
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