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QUESTION 2 I am not able to make my mortgage payments. The amount I owo the lender is more than the value of my home.

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QUESTION 2 I am not able to make my mortgage payments. The amount I owo the lender is more than the value of my home. I ask the lender if I can do a short sale of my home. The lender agrees. The proceeds from the short sale are used to pay the lender. In some cases, this can be a less costly resclution to defaut than foreclosure for both the borrower and lender. True False

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