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Foreclosure short sales is a process of sale of property by seller or lender at a value less than amount owed by seller to the lender. The lender sometimes agrees to short sales to avoid lengthy procedure of foreclosure. Several things must be kept in mind while buying such a property like checking authenticity of short sale listing, getting in writing from lender that all balances will be absolved and property will be clear title, understanding short sales commissions and lastly finding a right agent to help in buying foreclosure short sales property.
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