by admin | Defaulted Mortgages, Short Sales
A short sale occurs when a property is sold for less than the amount owed on the mortgage or the loan. Financial institutions allow such sales to happen because they fear that the mortgage or loan will not be repaid otherwise. Thus, they can recoup some of the money...
by admin | Judgement Liens, Loan Modifications, Short Sales
A short sale, by definition, is the sale of a property to a lender for less than the amount of the mortgage owed. This sale is often only permitted under extreme circumstances. The bank or mortgage lender takes into account current economic outlooks, the personal...
by admin | Judgement Liens, Loan Modifications, Short Sales
A short sale, by definition, is the sale of a property to a lender for less than the amount of the mortgage owed. This sale is often only permitted under extreme circumstances. The bank or mortgage lender takes into account current economic outlooks, the personal...
by admin | Defaulted Mortgages, Short Sales
A letter of hardship is a statement written by a debtor that main goal is to convince a bank or mortgage institution to agree to a short sale of an asset or property. A short sale is the sale of an asset or property for less than the value of mortgage or loan. This...
