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Loan Modification

: Mortgage Lender Implode-o-Meter

3 Reasons You Want A Short Sale Over A Foreclosure

By Implode-Explode Heavy Industries

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"The sad reality is that loan modifications are not helping most troubled homeowners save their mortgages from foreclosure. Alternatives are needed. The government has seen this, and is putting all its leverage on servicers, junior lien holders, and lenders to fast track short sales. However, many troubled homeowners are asking: Why Should I Even Try to Get a Short Sale? I am Going to Lose my Home Whatever I Do? This is a fair question."

Full post as published by Mortgage Lender Implode-o-Meter on April 06, 2010 (boomark / email).

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