Selling your home in a short sale is one way to avoid foreclosure. If you’re considering a short sale, then you’re working out an arrangement with your lender to sell the home for less than the amount you owe on the mortgage. Since you’re unlikely an expert at conducting a short sale, there are some tips you should follow to ensure its success.
Posts Tagged ‘short sale’
Need Foreclosure Help? Beware of Phantom Scammers
May 13, 2011Scam artists are good at their jobs because they know how to identify and easily prey on the weak. A new scam that does just that is hitting communities with high foreclosure rates and involves thieves offering to help homeowners save their homes. Once they have your money, however, you’re left without a solution and with less money in your bank account. You may even be left without the deed to your home.
3 Ways to Avoid Foreclosure
March 2, 2010By: Jenny Zhang With a national unemployment rate hovering around 10 percent and property values still down, many Americans are struggling to make their monthly mortgage payments. What’s worse is there’s a widespread belief that foreclosure is a way out. The reality is that foreclosure can significantly affect your credit score, prevent you from qualifying [...]
