Live chat transrcipt: Short sale advice

May 4, 2010

Is your mortgage under water and you're having trouble paying the bills? You might qualify for a short sale, where the lender or bank allows the property to be sold for less than what's owed on the mortgage.

At noon today, Newsday experts will answer questions about a new federal program offering financial incentives to both the borrower and the mortgage servicer to avoid foreclosures and where you can go for help.

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