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Foreclosures and Short Sales - Equal Damage To Your Credit?

washingtonpost.com — The result of a foreclosure or a short sale is basically the same - a lost home and long-lived damage to your credit record. But the prevailing thought has been that a short sale, in which the lender approves a sale for less than the full amount owed, is worth the hassle because it damages your credit less than foreclosure. Not Necessarily So.

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