short: The Top 5 Questions About Short Sales - 09/07/11 02:58 AM
The Top 5 Questions About Short Sales
“What is A Short Sale?” “Why Would My Lender Accept Less Than Is Owed?” “Will I Qualify For A Short Sale?” “Does My Current Mortgage need to be In Default?”or “I'm Concerned That It Soon Will Be?” “Have You Fallen on Hard Times?” If you owe more on your home or investment property in Prince William County than it's worth and can no longer afford the payments, you've got options. Whether you seek to modify your loan or wish to speak with a short sale advisor if you go to my website SuzieShortSale.com you … (0 comments)

short: What is Strategic Default? - 05/13/11 04:09 AM
What is Strategic Default?
From Wikipedia, "A strategic default is the decision by a borrower to stop making payments (i.e., to default) on a debt despite having the financial ability to make the payments.This is particularly associated with residential and commercial mortgages, in which case it usually occurs after a substantial drop in the house's price such that the debt owed is (considerably) greater than the value of the property — the property has negative equity or is "underwater" — and is expected to remain so for the foreseeable future, such as following the bursting of a real estate bubble."
Strategic … (0 comments)