News Sources wrote an interesting post today on
Here’s a quick excerpt
If you can no longer afford to pay your mortgage, and the bank is threatening to foreclose your home, you may want to consider a short sale. A short sale occurs when you sell your home for less than what you still owe on the mortgage, and are thus “short” what it would take to pay off the loan. In many cases, the lender will allow the homeowner to sell the house for this amount and will accept it to pay off the mortgage. Short sales have several pros and cons.One of the biggest pros of a short

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This entry was posted on Wednesday, September 30th, 2009 at 4:00 pm and is filed under Mortgage Loan News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.