With more and more Americans facing the prospect of declining home values and unemployment levels not seen in quite some time, many homeowners and their lenders are facing the situation where the home is worth less than owed. This is no problem if the owner doesn’t have to move and can afford their current payment. If the owner is forced to sell for whatever reason, then the possibility of a short sale becomes a very real option.
What is a short sale? A short sale is an option you have before you reach the point of [Read more...]