It’s important to know your options and understand all the potential solutions that may be available to help you avoid foreclosure. It’s also important to understand what can happen if you fail to take action and foreclosure becomes unavoidable.
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If you’ve lost your home through a short sale and want to get another mortgage loan, you might be wondering how long you’ll have to wait. Your credit will take a hit after a short sale, although possibly not as much as it would if you had lost your home through foreclosure.Nevertheless, a short sale will likely prevent you from getting another mortgage right away.
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