Last year I returned from a trip to my hometown Cartagena, Colombia and I not only found the Real Estate Market inCartagenasizzling, but also the coffee business - Juan Valdez style.
A "short sale" in real estate refers to a situation where a seller is "up side down" - the amount owed on the mortgage in a particular property is higher than what the property can be sold for. Can the seller sell a home for less than its mortgage commitment?
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