rental: Why a Short Sale is Not for Everyone - 02/17/11 06:49 PM
Why a Short Sale is Not for Everyone
Today I met with a nice couple, and they were trying to do the right thing. They always paid their bills. They helped their kids out.
Their son is in a severe pickle, which has put him a few months behind on his mortgage, and they wanted to pay it up current. Nice, quality little house, great starter-home-plus. However, the market has dropped in the last 5 years, such that this home is now worth less than what they paid for it.
Should they short sell? Maybe. I do a ton of short sales. (In fact, … (1 comments)

 
Barbara Charlton (inactive - license is on ice with State of MN) Rainmaker large

Barbara Charlton

Lakeville, MN

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inactive - license is on ice with State of MN

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This blog is meant to educate, enlighten, and entertain. If I hit two out of three on any one entry, I have succeeded!


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