Perhaps you’re nearing a foreclosure situation, and you don’t think that you can avoid this coming financial catastrophe. One of the procedures that’s become popular and has been getting support from the likes of Freddie Mac and Fannie Mae is the short sale. In case this is a new term for you, the RealtyTimes defines a short sale as when:
“home owners who can’t afford their mortgages sell their houses at substantial discounts, often below what they owe on the loan.”
A short sale can also be called (more…)
