lake elsinore ca realtors: A Quick Guide to Real Estate Short Sales in Lake Elsinore, California
- 04/18/13 08:34 AM
Short Sale Agents in Lake Elsinore Short Sale Agents in Lake Elsinore CA arrange with mortgage lenders to agree to accept a mortgage payoff that falls short of the balance that is owed by a borrower. In other words, a bank agrees to accept less than what is owed on a borrower's mortgage. Foreclosure is avoided through the Lake Elsinore CA short sale process, which is the primary goal so that the borrower's credit is not severely damaged as it would be through a foreclosure. If a foreclosure is imminent, a Lake Elsinore CA short sale can help soften the blow.
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Short Sale Agents in Lake Elsinore Short Sale Agents in Lake Elsinore CA arrange with mortgage lenders to agree to accept a mortgage payoff that falls short of the balance that is owed by a borrower. In other words, a bank agrees to accept less than what is owed on a borrower's mortgage. Foreclosure is avoided through the Lake Elsinore CA short sale process, which is the primary goal so that the borrower's credit is not severely damaged as it would be through a foreclosure. If a foreclosure is imminent, a Lake Elsinore CA short sale can help soften the blow.
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