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- “I’m behind on my mortgage, I was declined for a Loan Modification and I’m currently facing Foreclosure. What now?”
- Short Sales Continue to Become More Common than Foreclosures
- Foreclosures Avoided with 422,000 in Short Sales and 850,000 in Loan Modifications in 2012
- Obama Administration Reports on Loan Modifications and Foreclosures in January
- Freddie Mac’s New Short Sale Process Has Begun to Take Hold
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Tag Archives: credit card
Short Sale vs. Foreclosure: Do the Right Thing
The majority of lenders would prefer to avoid foreclosing on a home and instead negotiate a short sale A short sale is beneficial to the homeowner as well as the bank; yet, in our experience about 80 percent of homeowners in arrears on their mortgage end up taking the foreclosure route, with detrimental results. More importantly, negotiating a short sale is the right thing to do Continue reading
Posted in Short Sales
Tagged car loan, credit card, Fannie Mae, foreclosure, Freddie Mac, negotiate a short sale, short sale
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John Anderson