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I owe $256,000 on a condo that is worth $185,000. I can pay it off in 15 years, but should I? Or should I go through with a short sale?


ANSWER


The BIDaWIZ Team's Answer:

Having a short sale on your credit report can be damaging to your personal credit. It is best to pay off the mortgage over time or to wait until the property appreciates.

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