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{"id":31,"date":"2008-11-29T04:01:18","date_gmt":"2008-11-29T04:01:18","guid":{"rendered":"http:\/\/www.eagleidahoshortsales.com\/?page_id=31"},"modified":"2018-09-06T15:30:19","modified_gmt":"2018-09-06T15:30:19","slug":"short-sales-101","status":"publish","type":"page","link":"http:\/\/www.eagleidahoshortsales.com\/short-sales-101","title":{"rendered":"What Exactly is a Short Sale?"},"content":{"rendered":"A short sale is when a homeowner is selling a home for less than what is owed. The lender has to approve a short sale because they are taking a loss on the loan.<\/p>\n
For the homeowner, they typically have to have a hardship that no longer allows them to make their payments (loss of a job, etc.). The bank will often agree to a short sale because taking the property through foreclosure is likely to take more time and cost more money.<\/p>\n
Short sales present a great buying opportunity but also many challenges. If you have questions about a specific short sale you can contact us<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"A short sale is when a homeowner is selling a home for less than what is owed. The lender has to approve a short sale because they are taking a loss on the loan. For the homeowner, they typically have to have a hardship that no longer allows them to make their payments (loss of … <\/p>\n
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