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Q&A: Can a lender agreeing to short sale keep you out of foreclosure?

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Question by treehugger_06: Can a lender agreeing to short sale keep you out of foreclosure? My coworker is in short sale with his lender. I am familiar with the Mortgage Debt Relief Act of 2007, but I don’t know if he is in short sale trying to sell the property, if the bank can...
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