short sales: What are short sales?
- 02/25/13 04:45 AM
When a homeowner struggles with financial difficulties and is no long able to afford their mortgage payments, they often face foreclosure. Foreclosure destroys credit and often causes a homeowner embarrassment as their home is stripped away. When facing bankruptcy or foreclosure, there may be another option-- short sales. A short sale in real estate may save the homeowner from going through a foreclosure, but it isn’t always a pleasant event. What are short sales? A short sale is an opportunity some homeowners use when the lenders they have borrowed from provide an option of selling their home to a third party, which … (0 comments)
When a homeowner struggles with financial difficulties and is no long able to afford their mortgage payments, they often face foreclosure. Foreclosure destroys credit and often causes a homeowner embarrassment as their home is stripped away. When facing bankruptcy or foreclosure, there may be another option-- short sales. A short sale in real estate may save the homeowner from going through a foreclosure, but it isn’t always a pleasant event. 
;)
;)
