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	<title>South Minneapolis Real Estate Blog &#187; Foreclosures</title>
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		<title>Difference between Short Sale and Foreclosure</title>
		<link>http://www.SouthMinneapolisRealEstateBlog.com/home-buyers/difference-short-sale-foreclosure/</link>
		<comments>http://www.SouthMinneapolisRealEstateBlog.com/home-buyers/difference-short-sale-foreclosure/#comments</comments>
		<pubDate>Wed, 02 Jul 2008 16:02:12 +0000</pubDate>
		<dc:creator>Steve Hong</dc:creator>
				<category><![CDATA[Buyers]]></category>
		<category><![CDATA[Foreclosures]]></category>

		<guid isPermaLink="false">http://www.SouthMinneapolisRealEstateBlog.com/?p=60</guid>
		<description><![CDATA[What’s the difference between a Short Sale and a Foreclosure? A Short Sale is when the homeowner owes more than the property is worth, and cannot pay back the difference. They are short of full payoff. Here’s an example: Let’s say the homeowner buys a house for $200,000, with a primary mortgage of $160,000, and [...]]]></description>
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		<title>Foreclosure Process Timeline</title>
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		<pubDate>Fri, 27 Jun 2008 15:55:38 +0000</pubDate>
		<dc:creator>Steve Hong</dc:creator>
				<category><![CDATA[Buyers]]></category>
		<category><![CDATA[Foreclosures]]></category>

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		<description><![CDATA[In the Minneapolis / St. Paul and suburbs, the typical process for a foreclosure goes something like this. Upon missing the first mortgage payment, the bank sends a nice, friendly letter reminding them of a missed payment. After another one or two missed payments, the letters get a little less friendly. After 4 or 5 [...]]]></description>
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