Month: February 2016

3 Common Problems Short Sale Sellers Face (And How To Avoid Them)

As foreclosures in the U.S keep on being commonplace all through these tough economic periods, several homeowners who are getting overwhelmed by their mortgage payments are looking at pursuing a short sale as an alternative to foreclosure. A short sale must be approved by the mortgage lender, and not just every short sale applicant will…




Short Sale Pros & Cons

Short sales can help a homeowner out of a difficult situation, sparing him the stress and embarrassment of a long, drawn-out foreclosure process. However, there are drawbacks to the short sale process. Of course, you will lose your home – but that will still happen when the bank forecloses. You will also walk away without…




Short Sale Tax Break Extended

A short sale is an option for the homeowners who are burdened with underwater homes or mortgages they cannot afford to get on track financially again. However, the short sale itself is not the end of the road. You can still have a deficit balance or an unsecured promissory note to settle with the bank,…