|
I've recently been thinking about what the true advantages of a short sale are as compared to just letting a home go into foreclosure. In both cases the seller is delinquent and is having problems with the current mortgage. If a lender is not going to forgive a deficiency and could come back at a future date to collect the unpaid balance why wouldn't someone just let the home go to foreclosure? Yes, your credit is going to take a hit, but you can wash your hands from future claims by the lender. I have even heard that the credit reporting agencies are looking … (2 comments)
;)
;)
Find SC real estate agents and Mount Pleasant real estate on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2012 ActiveRain Corp. All Rights Reserved
