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By the time a pre-foreclosure home is listed by a real estate agent as a short sale, the home will most likely be sold at market value. Banks must approve a short sale for a short sale to take place, and banks hire appraisers and other real estate agents to perform broker price opinions (BPOs), or estimated values of the home.
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In a short sale, the homeowner essentially tries to sell the home for as much as possible to avoid foreclosure. Their lender agrees to call their debt satisfied, even if they get less for the home.
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Baton Rouge, LA Real Estate: Newly Listed Homes for Sale – We could not find any nearby foreclosures, but here are a few nearby homes for sale: The houses for sale in and around Baton Rouge are just a small portion of more than 4 million homes sold in.
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