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A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrowers. This agreement, however, does not necessarily release the borrower from the obligation to pay the remaining balance of the loan, known as the deficiency.


When it comes to protecting your family what are the things you consider the most in terms of achieving your goals. Is it a beefed up life and health insurance policy, home insurance or financial security? If it is anyone of these or a combination of insurance policies and your family’s financial security, then you are not thinking far enough in terms of protecting your family. Continue Reading

 
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Is your current cashflow getting weaker and weaker because of the current economical problems? Are the monthly obligations of the mortgage excessively large for your actual fiscal condition, and you’re afraid you may not manage to pay on time, or worse – ever? This is the worst concern of most households in the United States currently. Continue Reading

 
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A short sale of your home is not something you look forward to, but might be the only option that you have. If you are on the precipice of losing your home and facing a foreclosure. You may decide that this is the right option for you instead of trying for a loan modification to refinance. There is help available to you. You do not have to face this ordeal by yourself. There are professionals to help you and answer all your questions that you may have. Continue Reading

 
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