foreclosure: short sale vs foreclosure
- 10/01/08 10:27 AM
My client is in the dilema of wether to go for short sale or let it go into foreclosure. They have a second home that was bought as an investment. Unfortunately with the real estate market the way it is, the property is rented out for much less than the cost of mortgage, taxes and maintenance. Sounds familiar ??? Of course they are one more in the bundle of short sales and foreclosures. But in reality I wanted to hear from people who have really gone through the process of either one and hear from hands on experience what they were asked to … (0 comments)
My client is in the dilema of wether to go for short sale or let it go into foreclosure. They have a second home that was bought as an investment. Unfortunately with the real estate market the way it is, the property is rented out for much less than the cost of mortgage, taxes and maintenance. Sounds familiar ??? Of course they are one more in the bundle of short sales and foreclosures.;)
;)
