For homeowners who owe more on their home than it’s currently worth, convincing the bank to accept less money than the loan is the only way to sell. But there are drawbacks. Here’s what you need to know about short sales.
Getting a mortgage loan is rarely quick or easy. Unlike, say, buying a new TV, the process of applying for and actually receiving a mortgage can take a significant amount of time. Because of all the steps involved, there are many chances for the unprepared home buyer to make mistakes. The good news: properly understood,