Here’s another sad statistic in the housing crisis. Take a look around your neighborhood. Out of every 10 houses, odds are one of them is behind on mortgage payments. The Mortgage Bankers Association says that’s the worst showing since it started keeping records in 1972.

As homeowners find themselves in trouble and unable to sell for anything resembling an asking price, they’re turning to short sales. That’s where you work with the bank to sell for less than you owe on the mortgage.

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