Question
What is a Mortgage Short Sale?
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24th Feb 2011 by admint
It is a process by which a financially distressed borrower sells his home for less money than he owes on it to avoid foreclosure (which involves higher fees for the lender and poor credit report for the borrower). The proceeds from the sale will be used to repay the lender.
It is a process by which a financially distressed borrower sells his home for less money than he owes on it to avoid foreclosure (which involves higher fees for the lender and poor credit report for the borrower). The proceeds from the sale will be used to repay the lender.
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16th May 2010 In Mortgage
1 Answers | 75 Views
Subjects: mortgage short sale,