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real estate agency
The Short Sale Process Understanding the Short Sale Process
When housing prices in many parts of the country were booming a couple of years ago, there wasnt much national attention given to short sales. But with the current subprime debacle and increasing mortgage delinquencies, many people are wondering if the short sale process is a way to avoid foreclosure.
Basically, the definition of the short sale process is when the lender of a property allows the property to be sold for less than the amount due on the mortgage loan.
The obvious benefit to the short sale process is that it allows the seller to avoid the credit report damage associated with a foreclosure. A foreclosure can stay on your credit report for up to 10 years and can take an emotional and financial toll on you and your family.... View the rest of this article by visiting BuyerBeWhere.com at the link above...
commercial real estate
The Short Sale Process Understanding the Short Sale Process
When housing prices in many parts of the country were booming a couple of years ago, there wasnt much national attention given to short sales. But with the current subprime debacle and increasing mortgage delinquencies, many people are wondering if the short sale process is a way to avoid foreclosure.
Basically, the definition of the short sale process is when the lender of a property allows the property to be sold for less than the amount due on the mortgage loan.
The obvious benefit to the short sale process is that it allows the seller to avoid the credit report damage associated with a foreclosure. A foreclosure can stay on your credit report for up to 10 years and can take an emotional and financial toll on you and your family.... View the rest of this article by visiting BuyerBeWhere.com at the link above...
commercial real estate
Labels: real estate agencies
posted by Rand Joslin at 9:43 AM
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