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Foreclosure in Mayer : Real Estate Advice

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Sun May 2, 2010
Keith Manson- Metro Milwaukee Wisconsin answered:
Given the information you have provided I wouyld think a short sale is in your best interest. A deed in lieu want be able to be completed because of the heloc. Also even if you could do a deed in lieu, the heloc could file a judgement and go after a deficency. If you do a short sale you are in the drivers sit to try to limit the deficency either by value or negotiation with second.

Good Luck
Keith Manson
First Weber Group
Certified Distressed Property Expert
Metro Milwaukee
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