short sales: Will Short Selling Save My Credit ???
- 05/04/10 06:04 AM
Will Short Selling Save My Credit? Is your mortgage worth more than your home?With the increased rate of foreclosures over the past year or so, lenders and home owners are forced to consider other options in order to save their future, time and most importantly, money. One of those options to avoid foreclosure and one that is becoming more and more appealing to both homeowners and lenders, is doing a short sale.Short sales are an incentive and make more economical sense for mortgage lenders. Sometimes they much rather cut their losses than going through a foreclosure which will potentially cost thousands … (2 comments)
short sales: Quick Answers On Short Sales ??
- 02/04/10 05:47 AM
New rules could speed short sales of distressed homes WASHINGTON - Jan. 12, 2010 - The federal government is setting guidelines for short sales of homes, giving lenders a 10-day limit to respond to offers, freeing borrowers from debt and providing financial incentives to lenders. The new rules seek to address the many criticisms of short sales and figure to play a significant role in South Florida, where distressed properties dominate the market as the housing slump meanders into a fifth year. "The cloud could be lifted," said Domenic Faro of the Fort Lauderdale Real Estate firm. "This could bring us … (0 comments)
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