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News on Short sales and avoiding foreclosure

I was at a class on short sales and avoiding foreclosure yesterday. I thought I new something but walked out of this seminar with some new knowledge.

I will be creating a website http://www.avoidwisconsinforeclosure.com/ to help out wisconsin families.

A short sale is where you are asking the lender or lenders to take less to satisfy the mortgage. Most banks are acceptable with this procedure because they don't want to own the property after a sheriff sale.

Read this article on news from Fannie Mae on short sales

http://realtytimes.com/rtpages/20080411_investorreport.htm

Posted by Brad Koenig on 04/11/2008 09:16 AM

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Brad Koenig

Delafield, WI

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First Weber-Your Local Home Team

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