Short Sale

Foreclosure Help: Options for Distressed Homeowners

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If you are losing your home to foreclosure, realize that thousands of others are in the same situation. As things look now, thousands more will lose their homes before the economy gets better.

Taking Advantage of Short Sales to Avoid Foreclosure

This entry was posted in Foreclosure and tagged bank owned financing Foreclosure Mortgage Mortgage Payment Real Estate Real Estate Investing REOs Short Sale Short Sale Foreclosure Short Sales on by

A short sales is one of the tools mortgage lenders use in soft real estate markets to deal with the high tide of foreclosures they’re experiencing today. When a homeowner with a high mortgage balance gets behind on his loan payments, a lender has a decision to make related to how to handle the default. He can either start foreclosure procedure or try to get the homeowner to sell the property and pay off the loan.