Why would a bank agree to a short sale?

Q: Why would a bank agree to a short sale? A: Short sales are a terrific option for homeowners struggling with unaffordable mortgage payments. In fact, lenders’ losses due to foreclosure are projected to increase at record rates giving them … Continue reading

How can my short sale work more successfully?

Q: How can I help the short sale process go smoother? A: Lenders and the federal government, prompted by the sheer volume of loan modification and short sale requests, have overhauled their systems and programs, making the foreclosure avoidance process … Continue reading