If a homeowner is struggling financially or feels desperate because their mortgage balance exceeds current market value, abandoning their home is actually the last thing they should do. Contrary to popular belief, lenders do not want to foreclose on their property. I know of homeowners who haven't made a mortgage payment in over a year who are still in their homes.Many people believe that if they miss a mortgage payment the bank will foreclose and this means that they and their belongings will be thrown out into the street. This is just not true. Banks have procedures they must (3 comments)
omaha realtor: Why use a real estate agent to buy a home?
- 12/01/10 01:46 PM
Typically when someone is ready to sell their home they contact a real estate agent to guide them through the process and market their home. The biggest part of it for them is they want someone looking after their best interests. As a home buyer wouldn't you want the same? Especially if you are a first time buyer, there are so many things about the process that you are not aware of or do not have access to the way a Realtor does. Using a buyer's agent, means the agent is working with your best interests in mind. A buyer's agent will (0 comments)