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 more reason to pursue short sales. Lenders project they incur losses as severe as 85 […]

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 much easier than in the past. If you are considering short selling your home to […]