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If you’ve been following the real estate market at all with an eye toward getting in, you probably have heard that short sales are a hot way to get in and make a lot of cash in the process.

While they were once a rarity, short sales are now a common tool used by lenders to get rid of proprieties with bad debt loans on them.

This type of purchase takes advantage of an old adage that a penny saved is a penny earned.

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