Is a Short Sale the Way to Go?
A homeowner can sell their home for less than they owe if the circumstances are right. This is called a “short” sale. Short sales are often beneficial for the seller, the buyer, and the creditor. A person can market the sale as a short sale to attract buyers. This may sound like an easy out for someone who cannot make payments, but there are negative consequences to be considered when...
An Explanation Of The Differences Between A Short Sale And A Deed In Lieu Of Foreclosure
One of the largest expenses most families have each month is their mortgage payment. So when money gets tight, it is only natural to try and figure out how to reduce expenses so necessities can be paid for each month. But when there is no wiggle room and you are unable to find a way to keep current on your house payment, the lender will start the foreclosure process. If that happens, you do...
Two Ways To Avoid Foreclosure
Your home is your most valuable asset, and it is also where you greet your family at the end of the day and lay your head at night. For many people faced with overwhelming debt, keeping their home is the number one priority. However, if you have been unable to make your mortgage payments, you stand a very real chance of losing your home to foreclosure. But, there are options and they should...
Will A Short Sale Save My Home From Foreclosure?
Receiving notice that your home has gone into foreclosure is a frightening experience. Without a roof over your head it is hard to live a normal life, or to give your family the shelter they need. But, with a sluggish economy, the number of foreclosures is again beginning to rise and finding ways to stay in your home is becoming more important than ever. One answer is to try and work with the...