Posts Tagged ‘Loan Payments’

Short Sales an Increasingly Attractive Alternative to Foreclosure

by Tomasheus Privetsky A short sales is one of the tools mortgage lenders use in soft real estate markets to deal with the high tide of foreclosures they’re experiencing today. When a homeowner with a high mortgage balance gets behind on his loan payments, a lender has a decision to make related to how to handle the default. He can either start foreclosure procedure or try to get the homeowner to sell the property and pay off the loan. If the owner is willing to sell, chances are the lender wi

Short Sales an Increasingly Attractive Alternative to Foreclosure

by Tomasheus Privetsky A short sales is one of the tools mortgage lenders use in soft real estate markets to deal with the high tide of foreclosures they’re experiencing today. When a homeowner with a high mortgage balance gets behind on his loan payments, a lender has a decision to make related to how to handle the default. He can either start foreclosure procedure or try to get the homeowner to sell the property and pay off the loan. If the owner is willing to sell, chances are the l