Nevada Business in Real Estate

The pros and cons of buying short-sale homes
The prospect of foreclosure and its accompanying credit record stigma was once the only option for homeowners who were upside down and could no longer make their mortgage payments. But some experts are now advocating a "short sale," where lenders accept less than the total amount due. Not all lenders will accept short sales or discounted payoffs, especially if it makes more financial sense to foreclose; moreover, not all sellers, nor all properties qualify for short sales.
[ source ] http://www.rgj.com : June 8, 2009 |  Comments: (0)

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