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Loan Modification

: Loan Modification & Home Loan News

A Downside of Short Sales

By Moe Bedard

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STRUGGLING homeowners have found some refuge in short sales, in which lenders allow borrowers to escape foreclosure by selling a home for less than what is owed on the mortgage. Government programs offering incentives to both parties will push the number of short sales to 400,000 this year from 100,000 in 2008, according to CoreLogic, [...]

Full post as published by Loan Modification & Home Loan News on September 13, 2010 (boomark / email).

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