mortgage crisis: To Short Sale or Not...Just Let Go
- 04/23/08 05:38 AM
Looking at the current housing market and the plight of so many people everywhere, many people and institutions have serious, potentially life-altering decisions they either have to make, or could be faced with soon enough. What I’m talking about is the possibility of people who have to sell and are upside down in their mortgages. Do you continue to struggle to make payments on a mortgage that you can no longer afford? Do you let the house simply go into foreclosure so that the house goes back to the bank? How about a Short-Sale, where the home gets sold for less … (8 comments)
Looking at the current housing market and the plight of so many people everywhere, many people and institutions have serious, potentially life-altering decisions they either have to make, or could be faced with soon enough. What I’m talking about is the possibility of people who have to sell and are upside down in their mortgages. Do you continue to struggle to make payments on a mortgage that you can no longer afford? Do you let the house simply go into foreclosure so that the house goes back to the bank? How about a Short-Sale, where the home gets sold for less … (8 comments)
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