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Foreclosure in 92649 : Real Estate Advice

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Fri Feb 24, 2012
Karen Carr answered:
The Mortgage Forgiveness Debt Relief Act and debt Cancellation.

But it must be your primary residence, and this is only guaranteed on the first loan if your loan is secured by other mortgages unless agreed upon in writing a 2nd, or 3rd may still come after what you owe. So it depends on a case by case basis, Whether a Short Sale is truly beneficial, and completely forgiven. ... more
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