Is there any way to do a short sale without having to pay off the mortgage balance?
by 
Arizona
ANSWERS: 2
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Most short sales are in agreement with the mortgage holder and there is no balance to pay off. http://en.wikipedia.org/wiki/Short_sale_%28real_estate%29 You need to talk with your lender.
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That is the purpose of a 'short sale': it pays off the outstanding mortgage balance although the short may not fully satisfy the loan balance and the lender then 'discounts' the loan to the amount being paid.
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