pigeon forge short sale: Myths About Short Sales
- 09/02/09 02:37 AM
It's unfortunate for any homeowner to be in a situation where they owe more than the home is worth today and they must sell because of a financial hardship. For some, the only options become foreclosure or a short sale. Their has been a myth that a foreclosure is better for the seller of a home because they can "walk away". In reality most lenders have up to 7 years to claim on deficiency judgement against the seller after the foreclosure has taken place. Many myths have evolved over time, but understanding the reality is a way to help yourself. Seven … (0 comments)
It's unfortunate for any homeowner to be in a situation where they owe more than the home is worth today and they must sell because of a financial hardship. For some, the only options become foreclosure or a short sale. Their has been a myth that a foreclosure is better for the seller of a home because they can "walk away". In reality most lenders have up to 7 years to claim on deficiency judgement against the seller after the foreclosure has taken place.;)
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