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Federal Housing Commissioner. US Department of Housing and Urban Development.

Press Release

What Mayer Dallal Wants You to Know About the Mortgage Industry

What Mayer Dallal Wants You to Know About the Mortgage Industry

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Short sales can make sense

Many struggling homeowners who have fallen behind in their mortgage payments fear foreclosure is their only option.
ButMayer Dallal, a certified distressed property expert with offices inLos Angeles and Pasadena, says a short sale is often the better way togo because it's far less damaging to a homeowner's credit.
Problem is, many people are unaware of this alternative.
A short sale is when a property is sold for less than the value of the balance owed on the property's loan.

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