The “loan modification” is a restructuring of mortgage payment, specifically with regard to the reduction of principal and interest on the interest rate, with the aim of getting an affordable monthly mortgage payment on the basis of your current financial status. Essentially, at the end of a successful mortgage modification,
Month: March 2016
It’s no news that the short sale process can be a long process. Many buyers at this time get tired of waiting and would threaten to cancel if they do not get answers within a specified time. This doesnâ€™t help matters and doesnâ€™t help make the process simpler or faster.
The simple truth is short sales aren’t for the faint hearted. Everyone involved will need to have plenty of patience. Process period for short sales vary from bank to bank. If you are making your mortgage repayments to Wells Fargo, they will work with you in a short sale. However,
It is not hard to stumble upon a home owner, who has a house to market, but no prospective buyers. The buyers, who do come looking also disappear without making a purchase. When you are a home seller, then surely you’ll want to stay away from this situation yourself. An