If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Foreclosure short sales happen when a property’s value decreases below mortgage amount and the home owner is unable to pay their mortgage payments making them liable to face foreclosure. The seller enters into a contract to sell the property [...]
Short sale foreclosure involves two types of real estate techniques. The first involves real estate that has been repossessed by the mortgage lender. These properties are also referred to as bank owned or real estate owned (REO).
The second type of short sale foreclosure references property which is still in the borrower’s possession, but on the [...]
Usually a foreclosure happens because a person is more than 3 months late on there mortgage and they have avoided talking to their bank. It is important that if you want to avoid going into foreclosure that you want to keep the lines of communication open with your lender so that you can work out [...]
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