Short Sale Vs Foreclosure – What are your options?

Short Sale Vs Foreclosure – What are your options?

In today’s economy, many homeowners are struggling to make their mortgage payments each month. Many are on the brink of foreclosure and are considering walking away from their homes, especially if they now owe more than the property is worth. Another option for struggling homeowners is the short sale, a method of selling the home for less than what is owed on it. Banks may agree to this if they decide taking a loss on the home sale is a better option than trying to press current homeowners, who may end up in foreclosure anyway. If a homeowner meets certain requirements, they may be eligible for a short sale. 

Full Story Click Here