Can You Still Obtain A Mortgage After A Short Sale?

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Can You Still Obtain A Mortgage After A Short Sale?

By The BIDaWIZ Team on January 16th, 2013 at 3:00 pm

Many homeowners are still underwater on the properties that they purchased 5 to 7 years ago. They may be able to meet mortgage payments, but they could have a home with a $250,000 mortgage that is now worth $125,000. Should an owner that wants to move out, consider a short sale? If so, what are the consequences to their credit and taxes? .

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