Tag: strategic default

NEW SHORT SALE TIMELINE REQUIREMENTS WILL HELP HOMEOWNERS

The popularity of short sales has increased. Short Sales give homeowners another option to foreclosure. However, many have found the short sale process to be cumbersome and even unsuccessful. A major complaint from homeowners is the turnaround time or response time of banks. Many times the buyer is long gone before the bank is ready…

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THINGS TO CONSIDER BEFORE YOU WALK AWAY FROM YOUR HOME MORTGAGE

Many homeowners have come to the realization that they are underwater with their mortgage. If you are one of these people you are far from being alone. As of October 2011 eleven million people held a mortgage below house value. According to Corelogic out of the 11 million people underwater around 3.5 million homeowners are…

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