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It may be possible for you to keep you home if negotiations are done correctly, however this process is very difficult and time consuming. If it turns out that you are not able to stay in your home, there is always the options of selling your home as well. Either way there are things you can do.
If you are in a situation where you are facing a short sale or foreclosure, please contact me anytime and I will be happy to see what I can do for you.