Is shortsale benifits homeowners ?if yes wat are the ADVATAGES OF A SHORT SALE OVER LOAN MODIFICATION
replied to: McBrown
Replied to: Is shortsale benifits homeowners ?if yes wat are the ADVATAGES OF...
Short Sale benefits both the Homeowner and the Mortgage Lender, because with a short sale, instead of a foreclosure, you are fixing the problem for yourself and for the Mortgage Lender. The Mortgage Lender may take a loss, but at least they get out of a non-performing loan and so does the homeowner.