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long sale

The Opposite of a Short Sale is . . .

Don’t Call it a “Traditional” Sale — It’s a “Long” Sale [Note:  for the uninitiated, a “short sale” is when the homeowner’s mortgage(s) exceed the home’s fair market value — a condition referred to as being “underwater.”  Depending on the specific housing market, short sales have receded from more than 50% of all sales five...
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